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Johnson Controls (JCI) Approves 4% Quarterly Dividend Hike

By Zacks Investment ResearchStock MarketsDec 06, 2017 08:38PM ET
www.investing.com/analysis/johnson-controls-jci-approves-4-quarterly-dividend-hike-200271389
Johnson Controls (JCI) Approves 4% Quarterly Dividend Hike
By Zacks Investment Research   |  Dec 06, 2017 08:38PM ET
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Much to shareholders’ delight, Johnson Controls International plc (NYSE:JCI) announced that its board has approved a hike in quarterly cash dividend on common stock to 26 cents per share from the earlier payout of 25 cents. This revised dividend will be paid on Jan 12, 2018 to shareholders of record as of Dec 18, 2017.

On a sequential basis, the dividend raise represents an increase of one cent or 4%. Notably, the company has been paying regular quarterly dividends to its shareholders since 1987.

Johnson Controls is focused on enhancing shareholders’ value by pursuing aggressive share repurchases and increasing dividend payouts. In fiscal 2017, it repurchased 15.7 million shares for $651 million and paid a total cash dividend of $702 million.

Johnson Controls International PLC Price and Consensus

Headquartered in Milwaukee, WI, the company offers efficient energy solutions, integrated infrastructure and next-generation transportation systems to its customers in more than 150 countries.

Price Performance

In the last six months, shares of Johnson Controls have underperformed the industry it belongs to. The stock has lost 9.7% compared with the industry’s 4.8% decline during the period.



Zacks Rank & Key Picks

Johnson Controls carries a Zacks Rank #5 (Strong Sell).

A few better-ranked stocks in the auto space are AB Volvo (OTC:VLVLY) , BorgWarner (NYSE:BWA) and Wabco Holdings Inc. (NYSE:WBC) . While Volvo sports a Zacks Rank #1 (Strong Buy), BorgWarner and Wabco carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Volvo has an expected long-term growth rate of 15%. In the last six months, shares of the company have been up 25%.

BorgWarner has an expected long-term growth rate of 9%. In the last six months, shares of the company have been up 10.1%.

Wabco has an expected long-term growth rate of 15%. In the last six months, shares of the company have been up 12.7%.

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Johnson Controls International PLC (JCI): Free Stock Analysis Report

BorgWarner Inc. (BWA): Free Stock Analysis Report

Wabco Holdings Inc. (WBC): Free Stock Analysis Report

Volvo Ab (VLVLY): Free Stock Analysis Report

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Johnson Controls (JCI) Approves 4% Quarterly Dividend Hike

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