Johnson Controls International raises dividend to $0.34
Dec. 08, 2021 5:06 PM ETJohnson Controls International plc (JCI)By: Preeti Singh, SA News Editor3 Comments
- Johnson Controls International (NYSE:JCI) declares $0.34/share quarterly dividend, 26% increase from prior dividend of $0.27.
- Forward yield 1.71%
- Payable Jan. 14; for shareholders of record Dec. 20; ex-div Dec. 17.
- 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 ~$1.4B in shares in FY22, while maintaining the capacity to pursue strategic acquisitions to further strengthen the capabilities in connected, digitally-enabled technologies and software, sustainability, and expanding its service footprint in select high-growth regions and verticals.