Carrier Global Corporation Announces Significant Dividend Increase for Shareholders

Carrier Global Corporation Declares 18% Dividend Increase

On December 6, 2024, Carrier Global Corporation (NYSE: CARR), a leader in intelligent climate and energy solutions, made a notable announcement regarding its quarterly dividend. The company’s Board of Directors approved an increase in the dividend from the previous rate to $0.225 per outstanding share. This decision underscores Carrier's strong commitment to delivering value to its shareholders.

The dividend will be paid out on February 7, 2025, to all shareholders recorded by the close of business on December 20, 2024. This marks an 18% rise over the prior dividend, which reflects Carrier's growth trajectory and strategic financial planning. David Gitlin, Chairman and CEO of Carrier, emphasized that the increase is a testament to the company's disciplined capital allocation and rigorous execution of its transformation efforts.

Carrier has been at the forefront of developing solutions that not only enhance customer experiences but also address critical environmental challenges. The company prides itself on its innovation and cutting-edge technology, which have spurred the creation of entirely new industries over its history. By reinvesting into its growth, Carrier aims to provide tangible benefits to its customers, employees, and shareholders alike.

Gitlin stated, “Today’s 18% dividend increase further demonstrates our commitment to disciplined capital allocation. After successfully executing on our transformation, we remain laser-focused on delivering outsized value for our customers, employees, and shareowners.” This sentiment reflects an ongoing commitment from Carrier's leadership to prioritize shareholder interests while navigating the increasingly complex market landscape.

As Carrier continues to expand its global presence, this substantial dividend increase showcases the company's resilience and strategic direction. By integrating innovative technologies and sustainable practices, Carrier aims to lead the charge in creating cleaner, more efficient solutions that will benefit people and the planet for generations to come.

Investors and analysts alike view this move as a positive signal of Carrier's stability and long-term growth potential. With the dividend increase, Carrier sets the stage for further investments and strategic initiatives that align with market demands and sustainability goals.

In conclusion, Carrier's announcement of an 18% dividend increase not only strengthens its commitment to shareholder value but also reinforces its position as a leader in the climate and energy solutions sector. The company’s focus on innovation and sustainability are vital components of its growth strategy, ensuring that it remains a key player in addressing global challenges today and in the future.

For more information about Carrier's initiatives and corporate updates, individuals can visit corporate.carrier.com or follow the company on social media at @Carrier.

This announcement is part of Carrier's broader financial strategy and reflects the company's ongoing efforts to enhance its shareholder returns while investing in innovative solutions for a sustainable future.