Carlisle’s (CSL) Dividend History: Steady Increases from an Under-the-Radar Name
Carlisle Companies Incorporated (NYSE:CSL) was recently included on our list of Dividend Champion vs Aristocrats: 12 Under the Radar Stocks to Buy.
A close-up of a technician assembling a complex wiring harness for a building product.
Carlisle Companies Incorporated (NYSE:CSL) is involved in designing, manufacturing, and distributing products used in building envelopes and energy systems. The company serves a vital function in the real estate and construction sectors by providing key materials for commercial properties, particularly those related to waterproofing and other construction needs. The stock has surged by over 10% in the past month.
Despite facing a sluggish residential construction market, harsh winter conditions, and economic uncertainty from recent tariffs, Carlisle Companies Incorporated (NYSE:CSL) remained focused on its Vision 2030 goals. The company managed to maintain steady revenue of $1.1 billion, consistent with the previous year, and reported diluted earnings per share of $3.13 and adjusted earnings per share of $3.61. Improved weather conditions in March helped build momentum, which carried into April and marked the beginning of the summer construction season in the U.S.
Carlisle Companies Incorporated (NYSE:CSL) expects to generate around $1 billion in free cash flow in 2025, in line with earlier projections. Staying true to its strategy of delivering strong shareholder returns through balanced capital allocation, the firm has increased its 2025 share repurchase target from $800 million to $1 billion. In the first quarter alone, it bought back 1.2 million shares worth $400 million.
Carlisle Companies Incorporated (NYSE:CSL) currently offers a quarterly dividend of $1 per share and has a dividend yield of 1.12%, as of July 23. The company has been rewarding shareholders with growing dividends for the past 48 years, which makes it one of the best stocks on our dividend champions list.
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