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JOHNSON CONTROLS ANNOUNCES QUARTERLY DIVIDEND

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Johnson Controls International plc (JCI) declares a regular quarterly dividend of $0.37 per share, continuing its streak since 1887, reinforcing its commitment to shareholders.
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Insights

The announcement of Johnson Controls International plc's quarterly dividend of $0.37 per share represents a continuation of the company's long-standing tradition of providing shareholder returns. Dividends are a significant component of shareholder returns and can be indicative of a company's financial health and management's confidence in its future cash flows. Investors often view consistent and stable dividends as a sign of a company's resilience and maturity, especially when paid consecutively over a long period, as with Johnson Controls since 1887.

From a financial analysis perspective, the dividend yield, calculated as the annual dividends per share divided by the stock price, is a key metric for investors. It provides insights into the return on investment purely from dividend payouts, excluding capital gains. However, it's also essential to assess the payout ratio, which is the proportion of earnings paid out as dividends, to evaluate whether the dividends are sustainable in the long run without compromising growth investments.

As a market research analyst, it's important to contextualize Johnson Controls' dividend within the broader industry trends. The building technologies sector has been experiencing growth due to increased demand for smart and sustainable solutions, which may contribute to the company's ability to maintain and potentially increase its dividends. Furthermore, the dividend announcement can influence investor sentiment and stock market performance. Investors seeking income may be attracted to the stock, potentially increasing demand and share price. Additionally, the announcement timing, ahead of the record date, allows investors to make informed decisions regarding portfolio adjustments.

From an economic standpoint, the dividend policy of a company like Johnson Controls can reflect broader economic conditions. Dividend payments suggest that the company generates sufficient earnings and cash flow, which can be a positive signal about the economic environment, particularly in the construction and building management sectors. Moreover, regular dividends contribute to the circulation of money in the economy, as shareholders might reinvest the dividends or increase their consumption, potentially stimulating economic activity. However, it is also critical to monitor economic indicators like interest rates and inflation, as they can affect the attractiveness of dividend stocks compared to other investments.

CORK, Ireland, March 13, 2024 /PRNewswire/ -- The board of directors of Johnson Controls International plc (NYSE: JCI), the global leader in smart, healthy and sustainable buildings, has approved a regular quarterly dividend of $0.37 per share of common stock, payable on April 19, 2024, to shareholders of record at the close of business on March 25, 2024. Johnson Controls has paid a consecutive dividend since 1887.

About Johnson Controls
At Johnson Controls (NYSE:JCI), we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet.

Building on a proud history of nearly 140 years of innovation, we deliver the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through OpenBlue, our comprehensive digital offering.

Today, with a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world`s largest portfolio of building technology and software as well as service solutions from some of the most trusted names in the industry.

Visit www.johnsoncontrols.com for more information and follow @Johnson Controls on social platforms.

INVESTOR CONTACT:                       

MEDIA CONTACT:

Jim Lucas                                             

Danielle Canzanella

Direct: 1.651.391.3182                         

Direct: 1.203.499.8297

Email: jim.lucas@jci.com                       

Email: danielle.canzanella@jci.com

 

Johnson Controls Logo. (PRNewsFoto/JOHNSON CONTROLS, INC.) (PRNewsFoto/)

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/johnson-controls-announces-quarterly-dividend-302088056.html

SOURCE Johnson Controls International plc

FAQ

What is the dividend amount declared by Johnson Controls International plc (JCI)?

Johnson Controls International plc (JCI) has approved a regular quarterly dividend of $0.37 per share of common stock.

When will the dividend be payable to shareholders of Johnson Controls International plc (JCI)?

The dividend of $0.37 per share will be payable on April 19, 2024, to shareholders of record at the close of business on March 25, 2024.

How long has Johnson Controls International plc (JCI) been paying dividends consecutively?

Johnson Controls International plc (JCI) has been paying consecutive dividends since 1887, showcasing its commitment to rewarding shareholders.

Johnson Controls International plc

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Building Products & Equipment
Air-cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
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United States of America
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