Carrier Global Corporation (CARR) to Issue Quarterly Dividend of $0.24 on May 22nd

Carrier Global Corporation (NYSE:CARR) announced a quarterly dividend on Wednesday, April 15th. Shareholders of record on Monday, May 4th will be given a dividend of 0.24 per share on Friday, May 22nd. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, May 4th.

Carrier Global has increased 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 4 years. Carrier Global has a payout ratio of 27.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Carrier Global to earn $3.36 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 28.6%.

Carrier Global Stock Up 2.0%

CARR opened at $59.70 on Friday. The firm has a market capitalization of $49.88 billion, a P/E ratio of 34.91, a price-to-earnings-growth ratio of 2.39 and a beta of 1.32. Carrier Global has a one year low of $50.24 and a one year high of $81.09. The company has a fifty day moving average price of $60.36 and a 200-day moving average price of $57.50. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same period in the prior year, the business posted $0.54 EPS. Carrier Global’s quarterly revenue was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities research analysts expect that Carrier Global will post 2.99 earnings per share for the current fiscal year.

About Carrier Global

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.