Johnson Controls International PLC (NYSE:JCI) declared a quarterly dividend on Wednesday, September 13th, RTT News reports. Investors of record on Monday, September 25th will be given a dividend of 0.25 per share by the auto parts company on Friday, October 13th. This represents a $1.00 annualized dividend and a yield of 2.50%.

Johnson Controls International PLC has raised its dividend by an average of 26.7% per year over the last three years and has increased its dividend every year for the last 6 years. Johnson Controls International PLC has a payout ratio of 38.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Johnson Controls International PLC to earn $2.96 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 33.8%.

Johnson Controls International PLC (JCI) traded down 0.25% during trading on Wednesday, reaching $39.90. The company had a trading volume of 3,014,183 shares. The firm’s market capitalization is $37.20 billion. The stock has a 50 day moving average price of $39.25 and a 200 day moving average price of $41.37. Johnson Controls International PLC has a 52 week low of $36.74 and a 52 week high of $46.86.

Johnson Controls International PLC (NYSE:JCI) last announced its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share for the quarter, hitting the consensus estimate of $0.71. The company had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.72 billion. Johnson Controls International PLC had a positive return on equity of 11.74% and a negative net margin of 0.43%. The firm’s revenue for the quarter was up 48.8% compared to the same quarter last year. During the same period last year, the firm earned $1.07 EPS. Analysts predict that Johnson Controls International PLC will post $2.61 earnings per share for the current year.

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Several equities research analysts have weighed in on the company. Zacks Investment Research raised Johnson Controls International PLC from a “sell” rating to a “hold” rating in a research report on Monday. Morgan Stanley cut their price target on Johnson Controls International PLC from $51.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, August 7th. Atlantic Securities downgraded Johnson Controls International PLC from an “overweight” rating to a “neutral” rating in a research report on Friday, July 28th. Wolfe Research began coverage on shares of Johnson Controls International PLC in a research note on Tuesday, July 11th. They set a “market perform” rating on the stock. Finally, BidaskClub lowered shares of Johnson Controls International PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $49.63.

About Johnson Controls International PLC

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 (NYSE:JCI)

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