Johnson Controls increases quarterly dividend 26% to 34 cents per share in line with capital deployment strategy
Johnson Controls (NYSE: JCI) announced a 26% increase in its quarterly cash dividend, raising it to $0.34 per share from $0.27. The increase is effective from the first quarter dividend payment, scheduled for January 14, 2022, payable to shareholders of record on December 20, 2021. This decision aligns with the company’s strategy to maintain its annual payout ratio of 40 to 45% of adjusted earnings per share while enabling a $1.4 billion share repurchase plan in FY22. Johnson Controls has consistently paid dividends since 1887, reflecting its ongoing commitment to returning cash to shareholders.
- Dividend increased by 26% to $0.34 per share, supporting income for shareholders.
- Aligns with a balanced capital deployment strategy, maintaining a payout ratio of 40-45%.
- Planned $1.4 billion share repurchase enhances shareholder value.
- None.
CORK, Ireland, Dec. 8, 2021 /PRNewswire/ -- Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today announced an increase to its regular quarterly cash dividend to
The increased dividend remains within the company's targeted annual payout ratio of 40 to 45 percent of adjusted earnings per share and forms part of a balanced capital deployment strategy that also includes a previously announced plan to repurchase approximately
"Johnson Controls' continued strong operating performance, robust backlog and exciting growth markets ideally positions us to execute on our strategy to deliver smart, healthy sustainable building solutions to customers, while delivering on our commitments to return cash to shareholders," said Johnson Controls Chairman and Chief Executive Officer George Oliver. "The increasing global importance of decarbonization, indoor air quality, sustainability and the strategic value of buildings as an asset represent important trends for which we continue to apply our strengths to benefit our customers, shareholders, employees and communities."
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.
With a history of more than 135 years of innovation, Johnson Controls delivers the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through its comprehensive digital offering OpenBlue. With a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world`s largest portfolio of building technology, software as well as service solutions with some of the most trusted names in the industry. For more information, visit www.johnsoncontrols.com or follow us @johnsoncontrols on Twitter.
INVESTOR CONTACTS: | MEDIA CONTACTS: |
Antonella Franzen | Chaz Bickers |
Direct: 609.720.4665 | Direct: 224.307.0655 |
Email: antonella.franzen@jci.com | |
Ryan Edelman | Michael Isaac |
Direct: 609.720.4545 | Direct: +41 52 6330374 |
Email: ryan.edelman@jci.com | Email: michael.isaac@jci.com |
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SOURCE Johnson Controls International plc
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