Johnson Controls Keeps Dividend Steady

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Auto-parts manufacturer Johnson Controlsannounced today its third-quarter dividend of $0.19 per share, the same rate it's paid for the past three quarters after raising the payout more than 5% from $0.18 per share.

The board of directors said the quarterly dividend is payable on Oct. 2 to the holders of record at the close of business on Sept. 6.

The regular dividend payment equates to a $0.76-per-share annual dividend, yielding 1.9% based on the closing price today of Johnson Control's stock.


JCI Dividend Chart

JCI Dividend data by YCharts

linkEditor's note: A previous version of this article incorrectly stated when Johnson Controls started making dividend payouts to investors.

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The article Johnson Controls Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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