Johnson Controls International plc Ordinary Share (JCI) Declares Quarterly Dividend of $0.26

Johnson Controls International plc Ordinary Share (NYSE:JCI) announced a quarterly dividend on Wednesday, December 6th, RTT News reports. Stockholders of record on Monday, December 18th will be paid a dividend of 0.26 per share by the auto parts company on Friday, January 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Friday, December 15th. This is a positive change from Johnson Controls International plc Ordinary Share’s previous quarterly dividend of $0.25.

Johnson Controls International plc Ordinary Share has increased its dividend payment by an average of 26.7% per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Johnson Controls International plc Ordinary Share has a payout ratio of 35.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Johnson Controls International plc Ordinary Share to earn $3.11 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 32.2%.

Shares of Johnson Controls International plc Ordinary Share (JCI) traded up $0.11 during mid-day trading on Thursday, hitting $37.24. The stock had a trading volume of 5,860,800 shares, compared to its average volume of 5,185,062. Johnson Controls International plc Ordinary Share has a 1-year low of $34.51 and a 1-year high of $44.70. The stock has a market capitalization of $34,361.40, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 1.00 and a beta of 0.90. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.04 and a quick ratio of 0.77.

Johnson Controls International plc Ordinary Share (NYSE:JCI) last issued its quarterly earnings results on Thursday, November 9th. The auto parts company reported $0.87 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.87. Johnson Controls International plc Ordinary Share had a return on equity of 11.91% and a net margin of 6.32%. The business had revenue of $8.14 billion for the quarter, compared to analyst estimates of $8.10 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The company’s revenue was up 30.1% on a year-over-year basis. equities analysts expect that Johnson Controls International plc Ordinary Share will post 2.8 earnings per share for the current year.

A number of brokerages recently commented on JCI. Zacks Investment Research upgraded Johnson Controls International plc Ordinary Share from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. BidaskClub lowered Johnson Controls International plc Ordinary Share from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Morgan Stanley set a $48.00 target price on Johnson Controls International plc Ordinary Share and gave the company an “overweight” rating in a research report on Monday, October 2nd. Oppenheimer reiterated a “buy” rating and issued a $50.00 target price (down previously from $52.00) on shares of Johnson Controls International plc Ordinary Share in a research report on Tuesday, October 31st. Finally, Vertical Research lowered Johnson Controls International plc Ordinary Share from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $47.79.

In other Johnson Controls International plc Ordinary Share news, VP Jeffrey M. Williams sold 1,955 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $41.43, for a total value of $80,995.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Oliver purchased 27,300 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was bought at an average cost of $36.80 per share, with a total value of $1,004,640.00. Following the completion of the acquisition, the chief executive officer now directly owns 634,732 shares of the company’s stock, valued at approximately $23,358,137.60. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.

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About Johnson Controls International plc Ordinary Share

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

Dividend History for Johnson Controls International plc Ordinary Share (NYSE:JCI)

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