Carlisle Companies Incorporated announced a 14% increase in its regular quarterly dividend, raising it from $1.10 to $1.25 per share, or $5.00 annually, and earning the company Dividend King status for 50 consecutive years of dividend increases. The increase comes as Carlisle reported record second-quarter revenue of $1.6 billion, up 8% year over year, with adjusted diluted EPS rising 12% to $7.03, and management raised its full-year 2026 revenue outlook to mid-single-digit growth. However, free cash flow from continuing operations fell to $129.6 million in the first half of 2026 from $227.6 million a year earlier, even as the company returned $590 million to shareholders through dividends and buybacks. Carlisle trades at a forward multiple of 19.23x, above A. O. Smith Corporation's 15.9x to 16.5x, reflecting its transformation into a higher-margin building products company and its new Dividend King status.
Carlisle Companies IncorporatedRaises dividend 14%, reports record revenue and EPS, and raises outlook.
Smith AO Corporation