Johnson Controls Increases Dividend 5.5%
MILWAUKEE, Nov. 14, 2012 /PRNewswire/ -- The Board of Directors of Johnson Controls, Inc. (NYSE: JCI), a global diversified company in the buildings and automotive industries, today approved a 5.5% increase in the company's quarterly cash dividend, to $0.19 per common share from $0.18 per common share. The dividend is payable December 28, 2012 to shareholders of record at the close of business on December 7, 2012.
The new indicated annual dividend is $0.76 per share, up from $0.72 per share.
The company noted that due to potential tax law changes, the traditional January dividend payable date was changed to December for this year only.
"The increase in our dividend is a reflection of our commitment to providing value to our shareholders, our financial performance and the continued growth of our company," said Chairman and Chief Executive Officer Stephen A. Roell.
Johnson Controls has paid consecutive dividends since 1887.
About Johnson Controls:
Johnson Controls is a global diversified technology and industrial leader serving customers in more than 150 countries. Our 162,000 employees create quality 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 interior systems for automobiles. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. Through our growth strategies and by increasing market share we are committed to delivering value to shareholders and making our customers successful. In 2012, Corporate Responsibility Magazine recognized Johnson Controls as the #5 company in its annual "100 Best Corporate Citizens" list. For additional information, please visit www.johnsoncontrols.com.
SOURCE Johnson Controls, Inc.