Johnson Controls International plc (NYSE:JCI) to Issue $0.40 Quarterly Dividend

Johnson Controls International plc (NYSE:JCI) declared a quarterly dividend on Wednesday, September 9th. Investors of record on Monday, September 21st will be paid a dividend of 0.40 per share on Friday, October 16th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, September 21st.

Johnson Controls International has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Johnson Controls International has a dividend payout ratio of 37.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Johnson Controls International to earn $6.07 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 26.4%.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $145.10 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. Johnson Controls International has a 52 week low of $104.49 and a 52 week high of $157.06. The firm’s 50 day moving average is $144.77 and its two-hundred day moving average is $141.38. The firm has a market capitalization of $87.89 billion, a P/E ratio of 25.24, a P/E/G ratio of 1.41 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.12. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The business had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the prior year, the business posted $1.05 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Research analysts forecast that Johnson Controls International will post 5.08 EPS for the current fiscal year.

About Johnson Controls International

Johnson Controls International plc (NYSE:JCI) is a global company focused on building technologies and solutions that improve the efficiency, safety and sustainability of buildings. Its offerings include heating, ventilation and air-conditioning systems, building automation and controls, fire detection and suppression equipment, security systems, and related digital technologies and services.

The company serves commercial, institutional, industrial and residential customers, helping organizations manage building operations, energy use, indoor air quality and physical security.