Johnson Controls Declares Quarterly Dividend

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Johnson Controls is hewing to a more than 100-year-old company tradition by declaring a new dividend. The firm will distribute $0.19 per share of its common stock on July 2 to shareholders of record as of June 7. This amount matches each of the firm's previous two disbursements, the most recent of which was paid in early April. Prior to that, Johnson Controls handed out $0.18 per share.

In the company's press release announcing the move, the company pointed out that it has paid dividends consecutively since 1887.

The current payout annualizes to $0.76 per share. That yields 2% at Johnson Controls' most recent closing stock price of $37.38.

The article Johnson Controls Declares Quarterly Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Johnson Controls. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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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