Johnson Controls International PLC (NYSE:JCI) declared a quarterly dividend on Wednesday, June 14th, RTT News reports. Shareholders of record on Wednesday, June 28th will be given a dividend of 0.25 per share by the auto parts company on Friday, July 7th. This represents a $1.00 dividend on an annualized basis and a yield of 2.39%.

Johnson Controls International PLC has raised its dividend payment by an average of 26.7% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Johnson Controls International PLC has a payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Johnson Controls International PLC to earn $3.04 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 32.9%.

Johnson Controls International PLC (NYSE:JCI) traded up 0.38% during trading on Wednesday, reaching $42.08. 584,222 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $41.97 and its 200-day moving average is $42.29. Johnson Controls International PLC has a 12-month low of $39.16 and a 12-month high of $48.97. The company’s market cap is $39.48 billion.

Johnson Controls International PLC (NYSE:JCI) last released its earnings results on Thursday, April 27th. The auto parts company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. Johnson Controls International PLC had a negative net margin of 1.69% and a positive return on equity of 11.97%. The company had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $7.09 billion. During the same quarter last year, the business earned $0.86 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. Analysts predict that Johnson Controls International PLC will post $2.63 EPS for the current fiscal year.

Dividend History for Johnson Controls International PLC (NYSE:JCI)

ILLEGAL ACTIVITY WARNING: This piece was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/06/14/johnson-controls-international-plc-jci-declares-quarterly-dividend-of-0-25.html.

Several equities research analysts have recently issued reports on JCI shares. Argus cut shares of Johnson Controls International PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, February 14th. J P Morgan Chase & Co started coverage on shares of Johnson Controls International PLC in a research report on Monday, March 6th. They set a “neutral” rating and a $44.00 price objective on the stock. Goldman Sachs Group, Inc. (The) cut shares of Johnson Controls International PLC from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $48.00 to $44.00 in a research report on Monday, March 13th. Susquehanna Bancshares Inc upgraded shares of Johnson Controls International PLC from a “neutral” rating to a “positive” rating and lifted their price objective for the company from $47.00 to $49.00 in a research report on Monday, March 20th. They noted that the move was a valuation call. Finally, HSBC Holdings plc started coverage on shares of Johnson Controls International PLC in a research report on Friday, March 31st. They set a “buy” rating and a $50.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $50.75.

In other news, CEO Alex A. Molinaroli sold 6,335 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $41.96, for a total transaction of $265,816.60. Following the completion of the sale, the chief executive officer now directly owns 1,296,407 shares of the company’s stock, valued at $54,397,237.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

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.

Receive News & Ratings for Johnson Controls International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International PLC and related companies with MarketBeat.com's FREE daily email newsletter.