Carrier Global Corporation (NYSE:CARR) Shareholders Set to Receive $0.24 Quarterly Dividend

Key Points

• Carrier Global declared a quarterly dividend of $0.24 per share, payable November 18 to shareholders of record October 29. The dividend implies an annualized payout of $0.96 and a 1.7% yield.
• The dividend appears well covered, with a 27.7% payout ratio and four consecutive years of increases. Analysts expect next year’s earnings to support an estimated 29.4% payout ratio.
• Carrier’s latest results exceeded expectations, with quarterly EPS of $0.86 and revenue of $6.35 billion. Wall Street maintains a “Moderate Buy” consensus, with an average price target of $72.27.

Carrier Global Corporation (NYSE:CARR - Get Free Report) announced a quarterly dividend on Wednesday, October 7th. Shareholders of record on Thursday, October 29th will be paid a dividend of $0.24 per share on Wednesday, November 18th. This represents a $0.96 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, October 29th.

Carrier Global has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 4 years. Carrier Global has a dividend payout ratio of 27.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Carrier Global to earn $3.26 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 29.4%.

Carrier Global Stock Performance

Carrier Global stock opened at $55.01 on Thursday. The stock's 50-day moving average is $58.79 and its 200-day moving average is $62.93. The company has a market cap of $45.35 billion, a price-to-earnings ratio of 38.20, a price-to-earnings-growth ratio of 1.92 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. Carrier Global has a 12 month low of $50.24 and a 12 month high of $76.76.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period in the previous year, the company posted $0.92 EPS. The company's revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities analysts anticipate that Carrier Global will post 2.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CARR shares. Sanford C. Bernstein reduced their price target on shares of Carrier Global from $78.00 to $64.00 and set a "market perform" rating on the stock in a research report on Wednesday. Wells Fargo & Company assumed coverage on shares of Carrier Global in a research report on Thursday, September 24th. They issued an "overweight" rating and a $67.00 price objective for the company. The Goldman Sachs Group cut their target price on shares of Carrier Global from $85.00 to $74.00 and set a "buy" rating on the stock in a research note on Wednesday, September 30th. Zacks Research lowered shares of Carrier Global from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 1st. Finally, Citigroup upped their price target on shares of Carrier Global from $79.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, Carrier Global presently has a consensus rating of "Moderate Buy" and an average target price of $72.27.

About Carrier Global

Carrier Global Corporation NYSE: CARR is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.

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