Carrier Global (XSWX:CARR) Dividend Payout Ratio: 0.42 (As of Mar. 2026) — 62% Above Median


XSWX:CARR Carrier Global Corp XSWX:CARR
79 GF Score
Price CHF60.71
GF Value CHF55.81
! 11 Warning Signs
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What is Carrier Global Dividend Payout Ratio?

Carrier Global XSWX:CARR 79 Dividend Payout Ratio is 0.42 as of Mar. 2026, which is 62% above its 10-year median of 0.26. GuruFocus rates XSWX:CARR with a GF Score™ of 79/100 and a GF Value™ of CHF55.81. The stock has 11 warning signs investors should review. Among 859 Construction companies, Carrier Global ranks better than 53.55% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Carrier Global's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.42.

The historical rank and industry rank for Carrier Global's Dividend Payout Ratio or its related term are showing as below:

XSWX:CARR' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.09   Med: 0.26   Max: 0.35
Current: 0.09

During the past 9 years, the highest Dividend Payout Ratio of Carrier Global was 0.35. The lowest was 0.09. And the median was 0.26.

XSWX:CARR's Dividend Payout Ratio is ranked better than
53.55% of 859 companies
in the Construction industry
Industry Median: 0.39 vs XSWX:CARR: 0.09

As of today (2026-06-29), the Dividend Yield % of Carrier Global is 0.62%.

During the past 9 years, the highest Trailing Annual Dividend Yield of Carrier Global was 1.68%. The lowest was 0.21%. And the median was 1.20%.

Carrier Global's Dividends per Share for the months ended in Mar. 2026 was CHF0.19.

During the past 12 months, Carrier Global's average Dividends Per Share Growth Rate was 15.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 14.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 23.60% per year.

During the past 9 years, the highest 3-Year average Dividends Per Share Growth Rate of Carrier Global was 38.30% per year. The lowest was 14.50% per year. And the median was 16.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Carrier Global (XSWX:CARR) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Carrier Global Dividend Payout Ratio Related Terms

Carrier Global Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Carrier Global's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Carrier Global Dividend Payout Ratio Chart

Carrier Global Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.00

Carrier Global Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.42

XSWX:CARR vs JCI, LII, MAIR: Dividend Payout Ratio Comparison

For the Building Products & Equipment subindustry, Carrier Global's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Carrier Global Dividend Payout Ratio vs Construction Industry

For the Construction industry and Industrials sector, Carrier Global's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Carrier Global's Dividend Payout Ratio falls into.


XSWX:CARR
79GF Score
Carrier Global Corp XSWX:CARR
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carrier Global Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Carrier Global's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=0/ 2.064
=0.00

Carrier Global's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.189/ 0.449
=0.42

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.42 mean?
Carrier Global (XSWX:CARR) has a Dividend Payout Ratio of 0.42 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Carrier Global and its competitors. This is 62% above median its historical median of 0.26. Over the past decade, Carrier Global's Dividend Payout Ratio has ranged from 0.09 to 0.35. According to the industry distribution chart, Carrier Global ranks #399 out of 859 companies in the Construction industry, placing it in the top 46.4%.
Is Carrier Global's Dividend Payout Ratio too high?
Carrier Global's current Dividend Payout Ratio of 0.42 is 62% above median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.35. The Construction industry median Dividend Payout Ratio is 0.39. Carrier Global's value of 0.42 is 7.7% above this industry median. Based on the distribution chart, Carrier Global ranks #399 out of 859 companies in the Construction industry, which is above the industry midpoint. Overall, Carrier Global has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Carrier Global's Dividend Payout Ratio compare to JCI and LII?
According to the Construction industry distribution chart, Carrier Global ranks #399 out of 859 companies for Dividend Payout Ratio. This puts Carrier Global in the upper half of its industry. The industry median Dividend Payout Ratio is 0.39. Carrier Global's value of 0.42 is 7.7% above this benchmark. Historically, Carrier Global's own Dividend Payout Ratio has ranged from 0.09 to 0.35 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 0.39, Carrier Global has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Construction company?
The median Dividend Payout Ratio among Construction companies is 0.39, based on 859 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carrier Global's current Dividend Payout Ratio of 0.42 is 7.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Carrier Global and its competitors. For the Construction industry, the median Dividend Payout Ratio is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carrier Global's current Dividend Payout Ratio is 0.42, which is 62% above median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carrier Global stock overvalued right now?
Carrier Global (XSWX:CARR) has a current Dividend Payout Ratio of 0.42. The stock's GF Value™ is CHF55.81, compared to a current price of CHF60.71 — trading 8.8% above its estimated fair value. The current Dividend Payout Ratio is 0.42, which is 62% above median its 10-year median of 0.26 and 7.7% above the Construction industry median of 0.39. Carrier Global's overall GF Score™ is 79/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Carrier Global (XSWX:CARR), the current Dividend Payout Ratio is 0.42 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Carrier Global (XSWX:CARR) Overvalued in 2026?

Based on GuruFocus' analysis, Carrier Global stock appears to be overvalued. The current stock price of CHF60.71 is trading 8.8% above its estimated GF Value™ of CHF55.81.

Key valuation signals for XSWX:CARR:

  • Dividend Payout Ratio: 0.42 (62% above median its 10-year median of 0.26)
  • GF Value™: CHF55.81 vs. price of CHF60.71 (8.8% above fair value)
  • GF Score™: 79/100 with 11 warning signs
  • Industry Position: 7.7% above the Construction median (#399 of 859)

No single metric tells the full story. See the XSWX:CARR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Carrier Global Business Description

Address 13995 Pasteur Boulevard, Palm Beach Gardens, FL, USA, 33418
Carrier Global, spun out of United Technologies in 2020, manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its flagship Carrier brand, as well as Bryant, Payne, Heil, and others across various price points. In 2024, Carrier acquired Viessmann Climate Solutions to expand its footprint in Europe with heat pumps, boilers, and solar PV equipment. Proceeds from the sale of Carrier's fire and security (Honeywell) and commercial refrigeration (Haier) businesses reduced debt and focused the company on global HVAC and refrigeration solutions. Carrier generates 75% of sales from equipment and 25% from parts and services. The company derives 50% of revenue from the US, 30% from Europe, and 20% from the Asia-Pacific region.
79GF Score

Get the complete analysis for XSWX:CARR

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF60.71
Price
CHF55.81
GF Value