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