Allegion plc (NYSE:ALLE) has announced a dividend increase to $0.55 per share, representing a 7.8% rise from the previous year. This results in a 1.1% dividend yield, which is typical for its industry. The company’s earnings are projected to cover the dividend well, with an estimated payout ratio of 23% next year, supported by a strong track record of consistent dividend growth at an 18% compound annual growth rate since 2016.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Allegion (NYSE:ALLE) Has Announced That It Will Be Increasing Its Dividend To $0.55
Allegion plc (NYSE:ALLE) has announced a dividend increase to $0.55 per share, representing a 7.8% rise from the previous year. This results in a 1.1% dividend yield, which is typical for its industry. The company’s earnings are projected to cover the dividend well, with an estimated payout ratio of 23% next year, supported by a strong track record of consistent dividend growth at an 18% compound annual growth rate since 2016.