Carlisle Companies Incorporated (NYSE:CSL) to Issue $1.10 Quarterly Dividend

Carlisle Companies Incorporated (NYSE:CSL) announced a quarterly dividend on Wednesday, January 28th. Shareholders of record on Tuesday, February 17th will be given a dividend of 1.10 per share by the conglomerate on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, February 17th.

Carlisle Companies has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 48 years. Carlisle Companies has a payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of CSL traded down $3.49 during trading hours on Thursday, reaching $337.52. 208,034 shares of the company’s stock traded hands, compared to its average volume of 371,767. Carlisle Companies has a 12 month low of $293.43 and a 12 month high of $435.92. The company has a current ratio of 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 1.45. The stock has a market cap of $14.10 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 1.08 and a beta of 0.95. The firm’s 50 day simple moving average is $333.23 and its 200-day simple moving average is $349.05.

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 analysts’ consensus estimates of $5.47 by $0.14. Carlisle Companies had a net margin of 15.48% and a return on equity of 40.26%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm posted $5.78 earnings per share. Carlisle Companies’s quarterly revenue was up 1.0% on a year-over-year basis. Equities analysts expect that Carlisle Companies will post 22.31 EPS for the current year.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.