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

Carrier Global Corporation (NYSE:CARR – Get Free Report) declared a quarterly dividend on Thursday, June 4th. Shareholders of record on Tuesday, July 21st will be paid a dividend of 0.24 per share on Monday, August 10th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, July 21st.

Carrier Global has raised its dividend by an average of 0.2%per year over the last three years and has raised 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. Analysts expect Carrier Global to earn $3.13 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 30.7%.

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Carrier Global Price Performance

Shares of Carrier Global stock opened at $68.59 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The business’s 50 day simple moving average is $62.15 and its two-hundred day simple moving average is $58.97. The stock has a market capitalization of $56.97 billion, a P/E ratio of 45.12, a price-to-earnings-growth ratio of 2.71 and a beta of 1.34. Carrier Global has a one year low of $50.24 and a one year high of $81.09.

Carrier Global (NYSE:CARR – Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same period in the previous year, the firm earned $0.65 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Analysts forecast that Carrier Global will post 2.78 EPS for the current year.

Carrier Global Company Profile

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Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.

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