Carrier Global Corporation (NYSE:CARR) Declares $0.23 Quarterly Dividend

Key Points

• Carrier Global Corporation announced a quarterly dividend of $0.23 per share, set to be paid on November 18th to stockholders of record as of October 29th, yielding approximately 1.5% annually.
• The company's current dividend payout ratio stands at 26.0%, indicating a strong ability to cover dividends with earnings, with expectations of earning $3.36 per share next year.
• Carrier Global reported a net margin of 18.33% and revenue of $6.11 billion in its last earnings report, surpassing analyst expectations of $6.08 billion.

Carrier Global Corporation (NYSE:CARR - Get Free Report) declared a quarterly dividend on Wednesday, October 8th, RTT News reports. Stockholders of record on Wednesday, October 29th will be paid a dividend of 0.225 per share on Tuesday, November 18th. This represents a c) annualized dividend and a dividend yield of 1.5%.

Carrier Global has a dividend payout ratio of 26.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Carrier Global to earn $3.36 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 26.8%.

Carrier Global Stock Performance

Shares of CARR stock traded up $0.61 during trading hours on Wednesday, reaching $59.79. The stock had a trading volume of 8,456,605 shares, compared to its average volume of 5,394,156. The firm has a 50-day simple moving average of $63.61 and a 200-day simple moving average of $67.39. The firm has a market capitalization of $50.88 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. Carrier Global has a twelve month low of $54.22 and a twelve month high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The company had revenue of $6.11 billion during the quarter, compared to analysts' expectations of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, equities analysts forecast that Carrier Global will post 2.99 earnings per share for the current year.

About Carrier Global

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.

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