Carlisle Companies Announces a 39% Dividend Increase, its 46th Consecutive Year of Dividend Increases

Rhea-AI Summary

Carlisle Companies Incorporated (NYSE:CSL) announced a 39% increase in its quarterly dividend, raising it from $0.54 to $0.75 per share, marking a significant milestone as the largest increase in 25 years. This change reflects the company’s strong financial health and commitment to shareholder returns, with dividends scheduled for payment on September 1, 2022, to shareholders recorded by August 18, 2022. This is the 46th consecutive year of dividend increases, showcasing Carlisle’s strategic focus on sustainable growth and robust capital allocation.

Positive

• 39% increase in quarterly dividend from $0.54 to $0.75 per share.
• Largest dividend increase in 25 years.
• 46 consecutive years of dividend increases.
• Demonstrates strong financial position and confidence in earnings growth.

Negative

• None.

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Carlisle Companies Incorporated (NYSE:CSL) today announced that its Board of Directors has approved a 39% increase in the Company’s regular quarterly dividend from $0.54 to $0.75 per share, or to $3 per share on an annualized basis. The dividend is payable on September 1, 2022, to shareholders of record at the close of business on August 18, 2022.

Chris Koch, Chair, President and Chief Executive Officer, said “As part of our legacy of being superior capital allocators, we are very pleased to announce a dividend increase for the 46th consecutive year. This 39% increase is our largest in the past 25 years, and reflects our strong, sustainable financial position, and confidence in continued growth of Carlisle’s earnings power. Our commitment to returning capital to shareholders is made possible by the support of Carlisle’s dedicated employees, who embrace our culture of continuous improvement and maintain a steadfast commitment to creating value for all stakeholders.”

About Carlisle Companies Incorporated

Carlisle Companies Incorporated is a leading supplier of innovative Building Envelope products and energy-efficient solutions for customers creating sustainable buildings of the future. Through its construction materials businesses (CCM and CWT) and family of leading brands, Carlisle delivers innovative, labor-reducing and environmentally responsible products and solutions to customers through the Carlisle Experience. Over the life of a building, Carlisle’s products help drive lower greenhouse gas emissions, improve energy savings for building owners and operators, and increase a building’s resiliency to the elements. Driven by its strategic plan, Vision 2025, Carlisle is committed to generating superior shareholder returns and maintaining a balanced capital deployment approach, including investments in our businesses, strategic acquisitions, share repurchases and continued dividend increases. Carlisle also is a leading provider of products to the Aerospace, Medical Technologies and General Industrial markets through its Interconnect Technologies (CIT) and Fluid Technologies (CFT) business segments.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220804005005/en/

Jim Giannakouros, CFA

Vice President of Investor Relations

Carlisle Companies Incorporated

(480) 781-5135

jgiannakouros@carlisle.com

Source: Carlisle Companies Incorporated

FAQ

What is the new dividend amount for Carlisle Companies (CSL)?

The new dividend amount is $0.75 per share.

When will the dividend be paid to shareholders of CSL?

The dividend will be paid on September 1, 2022.

What is the record date for the CSL dividend payment?

The record date for the dividend payment is August 18, 2022.

How long has Carlisle Companies been increasing its dividends?

Carlisle Companies has increased its dividends for 46 consecutive years.

What percentage increase was announced for the CSL dividend?

A 39% increase was announced for the CSL dividend.