Carlisle Companies Announces Quarterly Dividend Increase From $0.75 To $0.85/Share
Portfolio Pulse from Benzinga Newsdesk
Carlisle Companies Incorporated (NYSE:CSL) has announced a 13% increase in its regular quarterly dividend from $0.75 to $0.85 per share, or to $3.40 per share on an annualized basis. The dividend is payable on September 1, 2023. The company also approved a new share repurchase program authorizing management to buy back up to an additional 7.5 million shares of the company's common stock.
August 04, 2023 | 2:41 pm
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POSITIVE IMPACT
Carlisle Companies' decision to increase its dividend and approve a new share repurchase program indicates a strong financial position and commitment to returning capital to shareholders. This could potentially attract more investors and positively impact the stock price.
Dividend increases and share repurchase programs are generally seen as positive signals by the market, indicating that a company is confident in its financial health and future prospects. This can attract more investors, potentially driving up the stock price. However, the actual impact will depend on various factors, including overall market conditions and investor sentiment towards the company and its sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100