Carrier Global As of September 21, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
CARR $0.48 0.0% 50.0% N/A
Business yield Hike yrs 5 yr CAGR freq. paid since
HVAC & Building Automation 0.9% 0 N/A Quarter 2020
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CARR logo © Carrier Global
CARR logo © Carrier Global

Carrier Global Corp (CARR) will raise its quarterly dividend by 50 percent to 12 cents per share. The company started paying a quarterly dividend of $0.08 per share earlier in 2020. This is the first dividend hike announced by the company since its separation from United Technologies (now Raytheon Technologies) earlier this year.

The next dividend of 12 cents per share will be payable on February 10, 2021 to shareowners of record at the close of business on December 23, 2020. An annualized dividend rate of $0.48 per share yields 1.3% at a stock price of $37.16.

"This dividend along with our recent $1.5 billion debt repayment reflects our confidence in the company's performance and commitment to balanced capital deployment," said Carrier President & CEO Dave Gitlin in the company's press release announcing this dividend hike. "We are well positioned to capitalize on key trends in healthy, safe and sustainable building and cold chain solutions and we continue to execute against our strategic growth initiatives and aggressive cost containment plans."  

Carrier Global Corporation will pay an estimated $416 million in dividends to its shareholders annually.

Carrier Global Corporation is a global provider of HVAC, refrigeration, fire, security and building automation technologies. The company's portfolio includes industry-leading brands such as Carrier, Kidde, Edwards, LenelS2 and Automated Logic. Carrier Global operates through three segments: HVAC; Refrigeration; and Fire & Security. The company was separated from Dividend Aristocrat United Technologies (now Raytheon Technologies; RTN) in 2020 together with Otis Worldwide (OTIS). Carrier became publicly listed on March 17, 2020 and has initiated a dividend later that year.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Sep 23 SRE 3.4% 5.3%
Sep 23 RL 2.5% 0.0%
Sep 23 FLS 2.3% 0.0%
Sep 23 XRAY 0.7% 10.0%
Sep 23 IFF 2.4% 2.6%
Sep 23 MDT 2.0% 8.6%
Sep 24 EQR 3.0% 0.0%
Sep 24 GE 0.3% 0.0%
Sep 24 CERN 1.2% 0.0%
Sep 27 LRCX 1.0% 15.4%