CARRCarrier Global CorporationStock — Industrials
Yield
1.71%
$0.96 indicated at $56.24
Dividend
$0.24/qtr
Declared Oct 7, 2026, payable Nov 18, 2026; raised from $0.225
Payout ratio
66.5%
Trailing, per StockAnalysis
Pays
Quarterly
Raises in 2022, 2024, 2025 and 2026 since the 2020 spin
House verdict
Covered, compounding — HVAC's steady toll. A $0.24 quarterly dividend, raised from $0.225, at a 66.5% trailing payout — high, but covered by HVAC cash flow, with a 5.05% buyback yield adding return on top. Raises in 2022, 2024, 2025 and 2026 since the 2020 spin show a steady cadence.
Key risk: Construction and housing cycles drive HVAC demand — a building downturn slows the raise cadence.
Changes if: The payout passes ~80% or a raise is skipped.
- ✓Covered by earnings 66.5% trailing payout, per StockAnalysis, plus a 5.05% buyback yield.
- ✓Compounding Raised in 2022, 2024, 2025 and 2026 since the 2020 spin.
- !Payout elevated 66.5% leaves less cushion than the House's core payers — watched, not failed.
What this grade doesn't say: It screens the dividend only — covered, real, compounding. It says nothing about valuation or price: a well-covered payer can still be overpriced, and its price can still fall.