Carlisle Companies (CSL) will raise its quarterly dividend by 2.9 percent to 54 cents per share in 2021. This follows a dividend hike of 5.0 percent to 52.5 cents per share in 2020 and marks the 45th consecutive year of annual dividend increases by the industrial company.

The next dividend is payable on September 1, 2021 to shareholders of record at the close of business on August 18, 2021. A new annual dividend rate of $2.20 per share yields 1.1% at a stock price of $205.51. The next ex-dividend date for CSL stock is August 17, 2021.

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.  CSL operates through three segments: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT) and Carlisle Fluid Technologies (CFT). Carlisle Companies Incorporated's operations began in 1917.