I was checking my stocks when Street Insider reported this news yesterday:
Carlisle Companies Inc. (NYSE: CSL) today announced that its Board has approved a 10% increase in its quarterly dividend from $0.14 to $0.155 per common share, payable on September 1 to shareholders of record on August 15.
This marks the 32nd consecutive year of dividend increases for Carlisle shareholders.Carlisle Companies Incorporated engages in the manufacture and sale of construction materials in the United States and internationally.
That's a pretty nice raise to get - 10% just for identifying a solid company with a sound business model. You could check my analysis of CSL here.
Using the dividend tool that Dividend Investing Blog has on his blog, I was able to easily get the annual dividend payments for CSL.
A 7.60% average dividend growth over the past decade is not bad at all. In fact if CSL achieves a similar dividend growth over the next decade, the annual dividend payment per share will double.