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

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

Johnson Controls International has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Johnson Controls International has a payout ratio of 37.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE JCI traded down $1.27 during midday trading on Wednesday, hitting $145.10. The stock had a trading volume of 2,653,318 shares, compared to its average volume of 4,230,604. The stock has a 50 day simple moving average of $144.77 and a 200-day simple moving average of $141.37. The company has a market capitalization of $87.89 billion, a PE ratio of 25.24, a P/E/G ratio of 1.39 and a beta of 1.29. 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 1 year low of $104.49 and a 1 year high of $157.06.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.12. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The firm had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts expect 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.