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

Carlisle Companies Incorporated (NYSE:CSL) declared a quarterly dividend on Tuesday, April 28th. Stockholders of record on Monday, May 18th will be given a dividend of 1.10 per share by the conglomerate on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, May 18th.

Carlisle Companies has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 48 consecutive years. Carlisle Companies has a dividend payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Carlisle Companies to earn $23.89 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 18.4%.

Carlisle Companies Trading Down 4.9%

NYSE:CSL opened at $330.97 on Friday. The company has a market capitalization of $13.39 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 1.10 and a beta of 0.88. The company has a quick ratio of 2.58, a current ratio of 3.38 and a debt-to-equity ratio of 1.74. Carlisle Companies has a 52-week low of $293.43 and a 52-week high of $435.92. The stock has a fifty day simple moving average of $347.40 and a 200-day simple moving average of $347.16.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.32. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The business’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.61 EPS. On average, equities research analysts expect that Carlisle Companies will post 21.13 earnings per share for the current fiscal year.

Carlisle Companies Company Profile

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.