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Data last updated: Sep 21, 2026
Snapshot (as of Sep 21, 2026): Carrier Global Corporation (CARR) pays a $0.95 annual dividend ($0.24 quarterly), yielding 1.75% at $53.88/share. Next ex-dividend date 2026-07-21. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.75%
Annual Dividend: $0.95 per share
Payout Ratio: 64.1%
Ex-Dividend Date: 2026-07-21
Dividend Frequency: quarterly
Sector: Industrials
Years of Dividend History: 7
Carrier Global Corporation dividend investors are buying into one of the world's largest HVAC and building technology companies, with brands like Carrier, Kidde, and Automated Logic spanning heating, cooling, fire safety, and refrigeration. CARR pays a quarterly dividend, with a trailing annual rate of $0.9450 per share and a next ex-dividend date of July 21, 2026. The current yield sits at 1.75%. With a beta of 1.298, this is not a low-volatility income play — it fits growth-and-income investors who care more about dividend expansion than current yield.
Carrier Global Corporation pays out 64.1% of earnings as dividends, a payout ratio classified as elevated (60–75%). That level is supported by demand across HVAC, refrigeration, and fire safety markets — product categories tied to building construction, food logistics, and safety compliance, all of which generate recurring service and aftermarket revenue. Carrier Global Corporation dividend safety faces its clearest pressure from that payout ratio itself: at 64.1%, there is limited room to absorb an earnings decline before the dividend would need to be reconsidered.
Carrier Global Corporation dividend history shows a CAGR of 15.9% per year from 2021 to 2024. The per-share dividend grew from $0.5100 to $0.7950 over that window (2025 and 2026 are partial years and excluded from the CAGR). The smallest annual increase in the window was 6.7% in 2024, down sharply from the 24.5% increase posted in 2022. Growth is slowing, and that limits upside for investors banking on continued double-digit raises.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +2.1% | $0.64 (2022) | $0.68 (2025) |
| 5-Year | +19.2% | $0.28 (2020) | $0.68 (2025) |
CARR stock fits growth-and-income investors who accept a low current yield in exchange for above-average dividend expansion. The yield of 1.75% is low (below 2%), and it sits above the 5-year average of 1.32%, which reflects recent dividend growth outpacing the stock price. The 15.9% annual CAGR from 2021 to 2024 is the defining feature here. The trade-off is real: the payout ratio at 64.1% is elevated, and the growth rate decelerated to 6.7% in 2024. Investors get a fast-growing dividend from a global HVAC and building technology business, but they accept a thin current yield and a payout ratio that leaves a narrower margin for error.
| Payment Date | Amount per Share |
|---|---|
| 2026-07-21 | $0.2400 |
| 2026-05-04 | $0.2400 |
| 2026-01-20 | $0.2400 |
| 2025-10-29 | $0.2250 |
| 2025-07-21 | $0.2250 |
| 2025-05-02 | $0.2250 |
| 2024-12-20 | $0.2250 |
| 2024-10-25 | $0.1900 |
| 2024-06-21 | $0.1900 |
| 2024-05-02 | $0.1900 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.7200 |
| 2025 | $0.6750 |
| 2024 | $0.7950 |
| 2023 | $0.7450 |
| 2022 | $0.6350 |
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