Carlisle Companies Incorporated (CSL) to Issue Quarterly Dividend of $1.10 on December 1st

Carlisle Companies Incorporated (NYSE:CSL) declared a quarterly dividend on Friday, October 31st. Stockholders of record on Friday, November 14th will be given a dividend of 1.10 per share by the conglomerate on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 14th.

Carlisle Companies has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 48 consecutive years. Carlisle Companies has a payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Carlisle Companies to earn $24.85 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 17.7%.

Carlisle Companies Stock Up 1.1%

CSL traded up $3.60 during trading hours on Wednesday, reaching $322.65. 118,238 shares of the stock traded hands, compared to its average volume of 479,518. Carlisle Companies has a fifty-two week low of $311.41 and a fifty-two week high of $472.66. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.19 and a quick ratio of 1.47. The company has a market cap of $13.48 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 1.12 and a beta of 1.00. The firm’s fifty day simple moving average is $338.61 and its two-hundred day simple moving average is $370.05.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, October 29th. The conglomerate reported $5.61 earnings per share for the quarter, beating the consensus estimate of $5.47 by $0.14. Carlisle Companies had a return on equity of 39.10% and a net margin of 15.48%.The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm earned $5.78 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. Carlisle Companies has set its FY 2025 guidance at EPS. As a group, analysts forecast that Carlisle Companies will post 22.31 earnings per share for the current fiscal year.

About Carlisle Companies

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.