Dividend Growth Stock Overview: Carlisle Companies

Among the items that Carlisle Companies produce is rigid foam insulation
for roofing systems.
Photo courtesy Ryo Chijiiwa/flickr.com.

About Carlisle Companies

Carlisle Companies, Inc. is a holding company for Carlisle Corporation, a diversified multi-national manufacturing company.  Carlisle Companies is headquartered in Charlotte, NC and has over 11,000 employees.  While Carlisle does have some organic growth, the company has an active program in place to find and acquire companies that can be quickly integrated into their four existing business segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Brake & Friction, and Carlisle FoodService Products.

Carlisle Construction Materials manufactures and sells rubber and PVC roofing systems, and energy-efficient rigid foam insulation panels for roofs.  The segment serves both commercial and residential construction markets and has 27 manufacturing facilities worldwide.  The Construction Materials segment provides about 60% of the company’s total revenues and earnings before interest and taxes.

Carlisle Interconnect Technologies designs and manufactures wire, cable, connectors, and cable assemblies for power and data transfer purposes.  The products are used in a variety of applications, including aerospace, defense electronics and medical technologies.  The segment sells its products in the United States, Europe and China, and produces its products in 14 manufacturing facilities across North America, Europe and China.  29% of company sales are derived from the Interconnect Technologies segment.

Carlisle Brake & Friction produces braking systems and friction products for use in the construction, agricultural, mining, aircraft, heavy truck and performance racing markets.  The segment’s 10 manufacturing facilities are distributed across the U.S., Europe and Asia, including a small presence in India.  The segment provides 6% of total company sales.

Finally, the Carlisle FoodService Products segment manufactures commercial foodservice and janitorial products, with a focus on three areas: tabletop dining supplies; food preparation, storage and handling supplies and tools; and cleaning and sanitation tools.  Markets served by the FoodService Products segment include hospitals, nursing homes, restaurants, hotels, and industry work sites.  This segment’s sales are mainly in the United States and are conducted through a network of wholesalers and distributors.  The segment’s 8 manufacturing facilities are exclusively in the United States and Mexico.

 

 

The company is a member of the S&P Mid Cap 400 index and S&P’s High Yield Dividend Aristocrats index, and trades under the ticker symbol CSL.

Carlisle Companies’ Dividend and Stock Split History

Carlisle Companies began increasing dividends annually in 1977.  The company has traditionally increased dividends in the third quarter of the calendar year, with the announcement coming at the beginning of August and the stock going ex-dividend in mid-August.

Carlisle has compounded its payout at an average rate of 13.6% over the last 5 years and 9.9% over the last 10 years.

Since beginning its record of dividend growth, Carlisle has split its stock 5 times – each time 2-for-1. These splits occurred in May 1979, May 1981, June 1993, January 1997, and March 2007. Prior to that, the company split its stock 2-for-1 in May 1960 and October 1967. Had you owned shares of Carlisle in early 1960, the splits would have increased your share holdings by a multiple of 128. Had you invested in Carlisle when the company began increasing its dividends, you’d have increased your number of shares by a factor of 32.

Carlisle Companies’ Direct Purchase and Dividend Reinvestment Plans

Carlisle Companies has both direct purchase and dividend reinvestment plans. These plans, which are open to non-U.S. investors, have very favorable fee structures. There is no setup fee and Carlisle covers all the costs to purchase shares. When investing directly, the minimum purchase is $10. You do not need to own shares to enroll in the plans, as long as you purchase at least 1 share at the time of enrollment.

When selling shares, you’ll pay a transaction fee of $10 plus a processing fee of 10 cents per share. The fees are deducted from the proceeds of the sale.

Helpful Links

Carlisle Companies’ Investor Relations Website

Current quote and financial summary for Carlisle Companies (finviz.com)

Information on the direct purchase and dividend reinvestment plans for Carlisle Companies

 

 

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