Wednesday, November 14, 2007

Johnson Controls Increases Dividend 11.1%

Today, Johnson Controls (JCI) announced an 11.1% increase in the company's quarterly dividend. The new quarterly dividend will equal 13 cents per share versus 11 cents per share in the same quarter last year. This increase represents the 33rd consecutive year that JCI has increased its annual dividend. The payout ratio is 21% based on estimated 9/30/2008 earnings of $2.53. This is in line with the 5-year payout ratio of 21%.

(click on table/chart for larger image)

Johnson Controls dividend analysis November 14, 2007
Johnson Controls stock chart November 14, 2007

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