Carrier Global Corporation
CARRIndustrials · Stock · quarterly payer
Forward Yield
1.78%
Annual Dividend
$0.96
Payout Ratio
66%
5-Yr Growth
19.2%
Ex-Date
Jul 21, 2026
Frequency
Quarterly
Summary
As of September 2026, Carrier Global Corporation (CARR) yields 1.78% ($0.96 per share annually), with a blended fair-value estimate of $23.50 — -56% downside, so it screens as overvalued. Dividend safety grade: B (70/100). 5 years of dividend growth.
Is CARR a good dividend stock?
Yes, with caveatsCarrier Global Corporation (CARR) pays a quarterly dividend yielding 1.78% ($0.96/yr), with 5 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
- Strong 19.2% 5-yr dividend growth
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.78%
- Payout Ratio
- 66%
- Annual Dividend
- $0.96
- 5-Yr Avg Growth
- 19.2%
- Ex-Dividend Date
- Jul 21, 2026
- Years of Growth
- 5
- Frequency
- quarterly
- Beta
- 1.30
- Market Cap
- $44.8B
- P/E Ratio
- 38.5
- 5-Yr Total Return
- 3%
- 52-Week Range
- $50.24 – $76.76
- Dividend Safety
- B · 70/100
- Ever Cut?
- No
Frequently Asked Questions
CARR Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
+13%
5 Years
+3%
52-Week Range
$50.24 – $76.76
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CARR worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Carrier Global Corporation is $23.50 per share, versus a market price of $53.88. That implies 56% of downside.
Fair Value
$23.50
Current Price
$53.88
Downside
-56%
Margin of Safety
-129%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 12.8% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.8% discount rate (CAPM), 12.8% stage-1 growth, 2.5% terminal growth, $1.40 EPS, $0.96 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CARR Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 21, 2026 | — | $0.2400 | regular |
| May 4, 2026 | — | $0.2400 | regular |
| Jan 20, 2026 | — | $0.2400 | regular |
| Oct 29, 2025 | — | $0.2250 | regular |
| Jul 21, 2025 | — | $0.2250 | regular |
| May 2, 2025 | — | $0.2250 | regular |
| Dec 20, 2024 | — | $0.2250 | regular |
| Oct 25, 2024 | — | $0.1900 | regular |
| Jun 21, 2024 | — | $0.1900 | regular |
| May 2, 2024 | — | $0.1900 | regular |
| Dec 20, 2023 | — | $0.1900 | regular |
| Oct 26, 2023 | — | $0.1850 | regular |
| Jun 22, 2023 | — | $0.1850 | regular |
| May 4, 2023 | — | $0.1850 | regular |
Income Calculator
At $0.96 / yr per share
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