Carlisle Companies Incorporated (NYSE:CSL) is about to trade ex-dividend in the next 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Thus, you can purchase Carlisle Companies' shares before the 17th of May in order to receive the dividend, which the company will pay on the 3rd of June.
The company's next dividend payment will be US$0.85 per share, on the back of last year when the company paid a total of US$3.40 to shareholders. Based on the last year's worth of payments, Carlisle Companies has a trailing yield of 0.8% on the current stock price of US$416.63. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! We need to see whether the dividend is covered by earnings and if it's growing.
Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Carlisle Companies paid out just 20% of its profit last year, which we think is conservatively low and leaves plenty of margin for unexpected circumstances. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. What's good is that dividends were well covered by free cash flow, with the company paying out 15% of its cash flow last year.
It's positive to see that Carlisle Companies's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut.
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
NYSE:CSL Historic Dividend May 12th 2024
Have Earnings And Dividends Been Growing?
Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. That's why it's comforting to see Carlisle Companies's earnings have been skyrocketing, up 23% per annum for the past five years. Carlisle Companies looks like a real growth company, with earnings per share growing at a cracking pace and the company reinvesting most of its profits in the business.
The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. In the past 10 years, Carlisle Companies has increased its dividend at approximately 14% a year on average. It's great to see earnings per share growing rapidly over several years, and dividends per share growing right along with it.
To Sum It Up
Is Carlisle Companies worth buying for its dividend? We love that Carlisle Companies is growing earnings per share while simultaneously paying out a low percentage of both its earnings and cash flow. These characteristics suggest the company is reinvesting in growing its business, while the conservative payout ratio also implies a reduced risk of the dividend being cut in the future. It's a promising combination that should mark this company worthy of closer attention.
With that in mind, a critical part of thorough stock research is being aware of any risks that stock currently faces. To help with this, we've discovered 1 warning sign for Carlisle Companies that you should be aware of before investing in their shares.
If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
卡萊爾夥伴(紐約證券交易所代碼:CSL)將在未來4天內進行除息交易。除息日通常設置爲記錄日期前一個工作日,即您必須作爲股東出現在公司賬簿上才能獲得股息的截止日期。除息日是需要注意的重要日期,因爲在該日或之後購買的任何股票都可能意味着延遲結算,而結算日期並未顯示在記錄日期。因此,您可以在5月17日之前購買卡萊爾公司的股票,以獲得股息,該公司將在6月3日支付股息。
該公司的下一次股息將爲每股0.85美元,去年該公司向股東共支付了3.40美元。根據去年的付款額,卡萊爾公司的尾隨收益率爲0.8%,而目前的股價爲416.63美元。我們喜歡看到公司派發股息,但同樣重要的是要確保產下金蛋不會殺死我們的金鵝!我們需要看看股息是否由收益支付,以及股息是否在增長。
股息通常從公司收入中支付,因此,如果公司支付的股息超過其收入,則其股息被削減的風險通常更高。卡萊爾公司去年僅支付了其利潤的20%,我們認爲該利潤保守地較低,爲意外情況留下了充足的利潤。話雖如此,即使是高利潤的公司有時也可能無法產生足夠的現金來支付股息,這就是爲什麼我們應該始終檢查股息是否由現金流支付。好處是,股息被自由現金流充分支付,該公司去年支付了15%的現金流。
可以肯定的是,卡萊爾公司的股息由利潤和現金流共同支付,因爲這通常表明股息是可持續的,而較低的派息率通常表明在削減股息之前有更大的安全餘地。
點擊此處查看該公司的派息率,以及分析師對其未來股息的估計。
紐約證券交易所:CSL 歷史股息 2024 年 5 月 12 日
收益和股息一直在增長嗎?
實現可持續收益增長的公司的股票通常具有最佳的股息前景,因爲當收益上升時,更容易提高股息。如果收益下降而公司被迫削減股息,投資者可能會看到他們的投資價值化爲烏有。這就是爲什麼看到卡萊爾公司的收益直線上升,在過去五年中每年增長23%令人欣慰的原因。卡萊爾公司看起來像是一家真正的成長型公司,每股收益以驚人的速度增長,該公司將大部分利潤再投資於該業務。
大多數投資者評估公司股息前景的主要方式是查看歷史股息增長率。在過去的10年中,卡萊爾公司的股息平均每年增加約14%。很高興看到每股收益在幾年內迅速增長,每股股息也隨之增長。
總結一下
卡萊爾公司的股息值得買入嗎?我們喜歡卡萊爾公司的每股收益不斷增長,同時支付的收益和現金流比例很低。這些特徵表明該公司正在再投資以發展其業務,而保守的派息率也意味着未來削減股息的風險降低。這是一個很有前途的組合,應該標誌着這家公司值得密切關注。
考慮到這一點,徹底的股票研究的關鍵部分是意識到股票目前面臨的任何風險。爲了幫助解決這個問題,我們發現了卡萊爾公司的1個警告信號,在投資他們的股票之前,你應該注意這一點。
如果您在市場上尋找強勁的股息支付者,我們建議您查看我們精選的頂級股息股票。
對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接聯繫我們。或者,也可以發送電子郵件至編輯團隊 (at) simplywallst.com。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。