Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Caesarstone Ltd. is a global manufacturer and distributor of engineered stone and other surface materials used primarily for residential and commercial interior applications, most notably kitchen countertops, bathroom vanities, and interior wall cladding. The company operates within the building materials and home improvement industries, with a focus on premium and mid-range surface solutions. Its primary revenue drivers are the design, production, and sale of quartz, porcelain, and other advanced surface products marketed under the Caesarstone brand.
Founded in 1987 in Kibbutz Sdot Yam, Israel, Caesarstone pioneered the commercialization of quartz-based engineered stone surfaces and was among the earliest companies to scale this technology globally. The company became publicly listed on Nasdaq in 2012. Over time, Caesarstone expanded beyond quartz into additional surface categories, including porcelain and natural stone-inspired products, to address evolving design trends, competitive pressures, and regulatory developments affecting quartz surfaces.
Business Operations
Caesarstone generates revenue through the manufacture and sale of surface materials to distributors, fabricators, and directly to commercial project customers. Its operations are organized around core product categories rather than formally reported segments, with primary business lines including Quartz Surfaces, Porcelain Surfaces, and other specialty surface solutions. Manufacturing facilities are located in Israel and the United States, supported by distribution centers and sales organizations in key end markets.
The company conducts both domestic and international operations, with significant exposure to the United States, which represents its largest market by revenue. Caesarstone controls proprietary manufacturing processes, product formulations, and design capabilities, and maintains long-term relationships with distributors and fabricators. It operates through wholly owned subsidiaries in major markets and has historically relied on a vertically integrated model combining manufacturing, branding, and distribution.
Strategic Position & Investments
Caesarstone’s strategic direction has focused on stabilizing its quartz business while diversifying into adjacent surface categories and improving cost structure and operational efficiency. Growth initiatives have included expanding porcelain offerings, rationalizing manufacturing capacity, and prioritizing higher-margin products and projects. The company has also undertaken restructuring actions to address pricing pressure and increased competition in the global quartz market.
A notable strategic investment was the acquisition of Lioli Ceramica, an Italian porcelain slab manufacturer, completed in 2020, which marked Caesarstone’s formal entry into the large-format porcelain segment. The company continues to evaluate emerging surface technologies and materials while managing regulatory and health-related developments affecting engineered stone, particularly in certain international jurisdictions.
Geographic Footprint
Caesarstone operates globally, with corporate headquarters in Israel and significant operational and commercial presence in North America, Europe, and Asia-Pacific. The United States is the company’s most important market, supported by manufacturing operations in Georgia and a nationwide distribution network. Israel remains a key manufacturing and R&D hub.
Internationally, Caesarstone maintains subsidiaries and sales operations across Europe, including markets such as the United Kingdom and continental Europe, as well as in Australia and parts of Asia. The company’s geographic diversification exposes it to varying construction cycles, regulatory environments, and currency fluctuations, while providing access to both developed and premium design-oriented markets.
Leadership & Governance
Caesarstone is governed by a board of directors and led by an executive management team with experience in manufacturing, consumer building products, and global operations. The company emphasizes operational discipline, brand stewardship, and adaptation to changing market and regulatory conditions as part of its leadership philosophy.
Key executives include:
- Eyal Shany – Chief Executive Officer
- Zeev Schuss – Chief Financial Officer
- David Shalem – Chief Operations Officer
- Ronit Yosef – Chief Human Resources Officer
- Eran Ben-Dov – Executive Vice President, Global Sales and Marketing