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Big CARR Dividend Increase
Dec. 6, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, announced today that its Board of Directors declared a quarterly dividend of $0.225 per outstanding share of Carrier common stock. The dividend will be payable on February 7, 2025 to shareowners of record at the close of business on December 20, 2024."
https://www.prnewswire.com/news-releases/carrier-board-of-directors-announces-an-18-percent-increase-in-quarterly-dividend-to-0-225-per-share-302324348.html
Yet Another Carr Div Increase
Date ... Dividend
Jun 21, 2024 0.19 Dividend
May 02, 2024 0.19 Dividend
Dec 20, 2023 0.19 Dividend
Jun 22, 2023 0.185 Dividend
May 04, 2023 0.185 Dividend
Dec 21, 2022 0.185 Dividend
Oct 27, 2022 0.15 Dividend
Jun 22, 2022 0.15 Dividend
Apr 28, 2022 0.15 Dividend
Dec 22, 2021 0.15 Dividend
Oct 28, 2021 0.12 Dividend
Jun 23, 2021 0.12 Dividend
Apr 30, 2021 0.12 Dividend
Dec 22, 2020 0.12 Dividend
Oct 29, 2020 0.08 Dividend
Jun 25, 2020 0.08 Dividend
How many times have you flipped it for pennies (or losses)? I'm still holding continuously since the spinoff from Raytheon three years ago while collecting many growing dividends.
It's what successful investors do.
CARR from my The Average Joe eletter
This July is set to be the hottest month ever. In recent years, studies have shown that extreme heat can be dangerous, expensive and impacts nearly everyone.
In the US, heat kills more people than any other weather-related incidents, pressures power grids and threatens outages.
Over the past 50 years, the cost of extreme weather events has grown 77% — estimated to cost countries 1.5-6.7% of their GDP annually.
For US consumers, home energy bills are expected to rise 11.7% this summer to an average of $578. It’s also forcing small businesses to close during severe heatwaves.
How does extreme heat impact the economy?
1/ Lower productivity: The International Labour Organization predicted that companies will lose 2% of working hours by 2030 from unworkable conditions or slower working speeds.
2/ Redirect government spending: Extreme heat will impact the lifespan of roads, bridges and other public infrastructure — requiring more frequent replacement.
3/ Increase labor-related costs: In 2021, a deadly heatwave struck British Columbia, leading to heat-related work injury compensation jumping 180% from the previous three-year average.
Better get used to it: Researchers warn that a hotter world will likely be the norm moving forward. But existing working conditions and practices were set in place for a cooler climate, and factories and warehouses haven’t been designed for the hot temperatures, per the Institution of Mechanical Engineers’ Laura Kent.
Crank up the air con
It’s not just warmer temperatures keeping sales hot for the HVAC industry. Manufacturers have been expecting a sales boost thanks to the passing of last year’s climate bill — giving Americans tax breaks and rebates on energy-efficient cooling systems.
HVAC sellers and manufacturers have seen their returns far surpass the S&P 500’s in recent years:
Carrier Global Corp (NYSE:CARR) has risen over 300% since its 2020 debut in the market.
AAON (NASDAQ:AAON) is also up 176% in the past five years.
Thought you could live without AC? Give it a couple more years, and that might not be the case.
Updated CARR dividends.
Date Dividends
Jun 22, 2023 0.185 Dividend
May 04, 2023 0.185 Dividend
Dec 21, 2022 0.185 Dividend
Oct 27, 2022 0.15 Dividend
Jun 22, 2022 0.15 Dividend
Apr 28, 2022 0.15 Dividend
Dec 22, 2021 0.15 Dividend
Oct 28, 2021 0.12 Dividend
Jun 23, 2021 0.12 Dividend
Apr 30, 2021 0.12 Dividend
Dec 22, 2020 0.12 Dividend
Oct 29, 2020 0.08 Dividend
Jun 25, 2020 0.08 Dividend
"Carrier's (NYSE:CARR) Dividend Will Be Increased To $0.185"
"The board of Carrier Global Corporation (NYSE:CARR) has announced that it will be increasing its dividend by 23% on the 10th of February to $0.185, up from last year's comparable payment of $0.15. Based on this payment, the dividend yield for the company will be 1.4%, which is fairly typical for the industry."
https://finance.yahoo.com/news/carrier-globals-nyse-carr-dividend-121254257.html
Carrier Increases Dividend Again
Date Dividends
Dec 22, 2021 0.15 Dividend
Oct 28, 2021 0.12 Dividend
Jun 23, 2021 0.12 Dividend
Apr 30, 2021 0.12 Dividend
Dec 22, 2020 0.12 Dividend
Oct 29, 2020 0.08 Dividend
Jun 25, 2020 0.08 Dividend
SA; Carrier: "Love The Company, Just Not Stock Price"
"* Carrier Global has several tailwinds, including a growing residential HVAC replacement market and strong housing starts.
* The move towards Variable Refrigerant Flow in commercial buildings will add to market opportunities. To expand VRF product offering, Carrier Global has acquired a Chinese VRF manufacturer.
* However, current stock valuation is not attractive, even as a complement to its commercial competitor Johnson Controls."
https://seekingalpha.com/article/4458781-carrier-global-love-the-company-just-not-the-stock-price
56.01 new buyer here. Looking forward to adding here in the future. Longterm solid investment.
1.75B buy back approved.
Very impressive indeed.
Still a nice bullish trend. Only been under 100 day mov avg. once this year, which aims at 42.50 being new line of support. but i wouldn't be scared unless it got under 40. Time for a step back and ready to rise towards 50 on next push!! go $CARR
Right product, right time. Carrier record high at $47
I am glad for you. We have had a few copper and uranium stocks do very well in the past few months. All the best to both of us.
CARRier hits all-time high at $45.90, sure beats crap mining pennies.
seems on track to keep chugging along...nice and steady upward trend. 1 yr chart is what growth stock should look like.
$45. Congrats on your pick of CARR, a spectacular performer. I'm sure NYBob would like to hear about it too.
are we gonna see some of this pent up demand they spoke of last earnings Call fall into this Quarter's results? OR we thinking more into next Quarter? seems there is some optimism in share price currently....
"We are still money ahead by a good margin since 2003." Everyone should be up by "a gigantic margin" since 2003.
The S&P 500 Index was about 950 then vs 4,128 today, and that's not counting 17 years of dividends. The ^sp500TR [the total return index] stands at 8499 at this moment... A record.
bar1080 I am glad that you have been successful, and hope that you continue to be so.
This board is about Carrier Global Corp.. Not about me or you.
I have said enough.
Occasionally I, as an accredited investor, will be invited into a "private placement." I've always declined and never regretted it. The oil/gas ones are almost 100% scams.
Many of my best stocks are more than a century old, firms such as UPS, MMM and Boeing. Carrier dates to 1902. My Berkshire Hathaway has roots going back to 1839! Rockwell International, an enormous winner and div payer, goes back to the 1930s, with many spinoffs.
GL
No Carrier is among the 96% of our "non-speculative" portfolio. We usually do intensive research into companies , and at times, have partaken in private placements. It is fun to catch a newly organized company and ride it.
Yes, there have been failures. We are still money ahead by a good margin since 2003.
A normal practice is to sell enough of a stock to recoup our original investment once it has doubled in share price. If it still appears to have good potential for growth, we will let the profits ride. Thus, playing with the "houses" money.
We are retired and have set aside the 96% to cover us comfortably. We do not live extravagantly, nor do we take exotic vacations, or splurge on cars , etc..
Whatever makes you sleep well at night is the path you should choose.
All the best to both of us in investing and in our lives.
Thank you for your concern.
Have a Happy Easter.
"This is the "speculative" part of our investment portfolio. It is less than 4% of our total." What are you referring to as speculative? Carrier?
I do have some interest in mining stocks, although I've never owned one. Scammy stocks have long fascinated me. Financial and accounting shenanigans are a specialty of mine. My son is a CPA. I don't see how one can reliably research foreign mining operations. You don't see Warren Buffett in mining stocks (although he briefly owned a tiny amount of Barrick recently)
This is the "speculative" part of our investment portfolio. It is less than 4% of our total. They are not all in mining of precious metals. We have had losers, but also many doubles, more than 6 triples, a few up 400 - 700%, and one already in the past 6 months up over 1,100%. I enjoy researching small companies.
The 96 + % is invested prudently.
Thank you for your concern.
I'd take a diversified portfolio of quality wide-moat industrial businesses such as Carrier over mining shams like Cotton & Western. Worried about currency devaluation? Buy great stocks. Carrier just raised its payout 50%!
I'm a retired lawyer who's been investing in stocks since I was age 19, long, long ago.
I look at them as insurance against further dilution in the value of the dollar. We have actually done rather well with them since 2003.
It's rarely mentioned but many firms offer their shareholders product discounts. Long ago, RadioShack gave 10% discounts to their shareholders. I used that to save 10% on one of their early business computer systems.
Disney sometimes has specials for DIS shareholders. For example, they'd offer free DisneyLand and Disney World day passes. Usually during slow times. Sometimes with little warning. Often all you needed was to own a single share to get the freebie.
---
Why do you own all those low quality mining stocks?
No. No discount available.
Will do that. Good idea. Thank you bar1080.
Check with Carrier to see if they offer product discounts for shareholders.
Carrier has been a remarkable winner since it was spun off from Raytheon Corp last April at around $15 share.
New shareholders here. In a few weeks we will support the company by purchasing a new Bryant air conditioner and natural gas furnace. GO CARRIER !!!
12-9-20: "Carrier Global increases dividend by 50% to $0.12"
* Carrier Global (NYSE:CARR) declares $0.12/share quarterly dividend, 50% increase from prior dividend of $0.08.
* Forward yield 1.27%
* Payable Feb. 10; for shareholders of record Dec. 23; ex-div Dec. 22.
https://seekingalpha.com/news/3643100-carrier-global-increases-dividend-50-to-0_12