Carlisle Companies (CSL) will raise its quarterly dividend by 5.0 percent to 52.5 cents per share in 2020, following a 25.0 percent to $0.50 per share in 2019. This will mark the 44th consecutive year of annual dividend increases by the industrial company.

The next dividend is payable on September 1, 2020 to shareholders of record at the close of business on August 18, 2020. A new annual dividend rate of $2.10 per share yields 1.6% at a stock price of $128.

In the company's press release dated August 6, 2020 announcing this dividend hike, D. Christian Koch, Chairman and Chief Executive Officer, said: "In recognition of our strong financial position, we are pleased to announce an increase to our quarterly dividend for the 44th consecutive year. This increase is further evidence of our confidence in achieving Vision 2025.”

Carlisle Companies Incorporated is a manufacturing company. Carlisle’s markets include commercial roofing, specialty polyurethane, aerospace, medical, defense, transportation, industrial, protective coating, auto refinishing, agriculture, mining, and construction. Carlisle Companies Incorporated's operations began in 1917.