Carlisle Companies (CSL) will raise its quarterly dividend by 8.1 percent to $0.40 per share in 2018. This marks the 42nd consecutive year of annual dividend increases by the company.

The dividend is payable on September 4, 2018 to shareholders of record at the close of business on August 20, 2018. The new $1.60 per share dividend on an annualized basis yields 1.3% at a stock price of $124.91.

D. Christian “Chris” Koch, President and Chief Executive Officer, said, "We take great pride in raising our dividend for the 42(nd) consecutive year. Today's dividend increase reflects confidence in Vision 2025, and our ability to deliver sustained, long-term profitable growth for our shareholders."

Carlisle Companies Incorporated is a manufacturing company. The company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace, defense, foodservice, healthcare, sanitary maintenance, transportation, industrial, protective coating and auto refinishing.