Current Yield
1.29%
TTM Dividend/Share
$0.93
Payment Frequency
Quarterly
Payout Ratio
60.4%
Consecutive Growth Years
0
Key takeaways
- Carrier Global (CARR) currently yields 1.29%, paying $0.93 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 60.4% — the share of earnings distributed as dividends.
- 4 of 7 dividend safety checks passed.
- 5-year dividend CAGR of 19.24% (growth is decelerating).
Dividend yield valuation for Carrier Global (CARR)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Near average — fair value |
Current yield (now) | 1.29% |
1-year average yield | 1.74%now 0.45 pp below |
3-year average yield | 1.37%now 0.08 pp below |
5-year average yield | 1.29%now in line |
CARR: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for Carrier Global (CARR)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 20.5% |
FCF payout ratio | 12.2% |
Net debt / EBITDA | 3.5x |
Interest coverage | 4.60x |
ROIC (TTM) | 6.2% |
Dividend safety score for Carrier Global (CARR)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
4 of 7 checks passed
Payout ratio below 75%
Payout ratio is 60.4%, well below the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $884M — FCF fully covers the payout.
No dividend cuts in 6 years
No dividend cuts in the available 6 years of data.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
6+ years of consecutive growth
N/A — only 6 years of data available (need 10+).
FCF payout ratio below 70%
FCF payout ratio is 12.2%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 3.5x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (19.2%) exceeds EPS growth (-13.3%) — payout ratio expanding.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
25 payments from 2020 to 2026 · Adj. Dividend is split-adjusted
| Jul 21, 2026 | Aug 10, 2026 | $0.2400 | $0.2400 |
| May 4, 2026 | May 22, 2026 | $0.2400 | $0.2400 |
| Jan 20, 2026 | Feb 9, 2026 | $0.2400 | $0.2400 |
| Oct 29, 2025 | Nov 18, 2025 | $0.2250 | $0.2250 |
| Jul 21, 2025 | Aug 8, 2025 | $0.2250 | $0.2250 |
| May 2, 2025 | May 22, 2025 | $0.2250 | $0.2250 |
| Dec 20, 2024 | Feb 7, 2025 | $0.2250 | $0.2250 |
| Oct 25, 2024 | Nov 18, 2024 | $0.1900 | $0.1900 |
| Jun 21, 2024 | Aug 8, 2024 | $0.1900 | $0.1900 |
| May 2, 2024 | May 22, 2024 | $0.1900 | $0.1900 |
| Dec 20, 2023 | Feb 9, 2024 | $0.1900 | $0.1900 |
| Oct 26, 2023 | Nov 20, 2023 | $0.1850 | $0.1850 |
- Jul 21, 2026$0.2400
- May 4, 2026$0.2400
- Jan 20, 2026$0.2400
- Oct 29, 2025$0.2250
- Jul 21, 2025$0.2250
- May 2, 2025$0.2250
- Dec 20, 2024$0.2250
- Oct 25, 2024$0.1900
- Jun 21, 2024$0.1900
- May 2, 2024$0.1900
- Dec 20, 2023$0.1900
- Oct 26, 2023$0.1850
Historical dividend yield for Carrier Global (CARR)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 1.74%5Y: 1.29%
Dividend per share for Carrier Global (CARR)
CAGR (per year)1Y: -15.09%5Y: 19.24%↓ Decelerating
| Year | Total ($/share) | Payments |
|---|---|---|
| 2020 | $0.28 | 3 |
| 2021 | $0.51 | 4 |
| 2022 | $0.64 | 4 |
| 2023 | $0.74 | 4 |
| 2024 | $0.80 | 4 |
| 2025 | $0.68 | 3 |
| 2026 | $0.72 | 3 |
Dividend growth for Carrier Global (CARR)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
The table shows 3 year-over-year increases across 5 calendar years of data (2021–2025).
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $0.6750 | — | — |
| 2025 | $0.7950 | $0.6750 | -15.1% |
| 2024 | $0.7450 | $0.7950 | +6.7% |
| 2023 | $0.6350 | $0.7450 | +17.3% |
| 2022 | $0.5100 | $0.6350 | +24.5% |
| 2021 | — | $0.5100 | — |
- 2026—
- 2025$0.6750
- 2024$0.7950
- 2023$0.7450
- 2022$0.6350
- 2021$0.5100
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
Carrier Global (CARR) Key Financials
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