"Carrier Global Corporation (NYSE: CARR) distributed $0.24 per share to investors on February 9, 2026, marking a 6.7% increase from the prior quarterly rate of $0.225. The payment arrives as the HVAC manufacturer navigates contrasting business dynamics: residential exposure creating near-term headwinds while commercial HVAC and data center wins drive future momentum. Dividend Sustainability: Strong Cash Generation Despite Earnings Volatility"
"Carrier returned approximately $3.7 billion to shareholders in 2025, including roughly $800 million in dividends and $2.9 billion in share repurchases. Free cash flow of $2.1 billion comfortably covered the dividend obligation, translating to a sustainable payout ratio of approximately 38% based on trailing cash flow. The company's 1.39% dividend yield sits below the industrial sector average, but the recent quarterly increase demonstrates management's confidence."
Carrier paid $0.24 per share on February 9, 2026, a 6.7% increase from the prior quarterly rate of $0.225. Residential exposure is creating near-term headwinds while commercial HVAC and data center wins support future momentum. Carrier returned $3.7 billion to shareholders in 2025, including $800 million in dividends and $2.9 billion in share repurchases. Free cash flow of $2.1 billion covered the dividend obligation, implying a payout ratio near 38% on trailing cash flow. Management projects $2 billion in free cash flow in 2026 and plans $1.5 billion in buybacks, maintaining dividend coverage while investing in growth. The trailing twelve-month dividend of $0.915 per share represents a five-year CAGR of 23.1%, marking six consecutive years of increases.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]