Carrier Global Corporation (NYSE:CARR) to Issue Quarterly Dividend of $0.24

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 dividend on an annualized basis 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%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Carrier Global has a payout ratio of 27.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

CARR stock opened at $55.01 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. Carrier Global has a 52-week low of $50.24 and a 52-week high of $76.76. The stock’s 50 day moving average is $58.79 and its two-hundred day moving average is $62.93. The company has a market capitalization of $45.35 billion, a PE ratio of 38.20, a P/E/G ratio of 1.92 and a beta of 1.29.

Carrier Global (NYSE:CARR – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.86 EPS 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 company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the prior year, the business posted $0.92 EPS. The business’s revenue was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Analysts predict that Carrier Global will post 2.87 earnings per share for the current fiscal year.

About Carrier Global

(Get Free Report)

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.

See Also

Dividend History for Carrier Global (NYSE:CARR)

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