Dividend Coverage: This Multinational Conglomerate Has Paid Dividend Since 1887; Will Trade Ex-Dividend on June 26, 2017

LONDON, UK / ACCESSWIRE / June 23, 2017 / Pro-Trader Daily takes a closer look at Johnson Controls International PLC (NYSE: JCI) as the Company’s stock will begin trading ex-dividend on June 26, 2017. In order to capture the dividend payout, investors must purchase the stock one day prior to the ex-dividend date that is by latest June 23, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

http://protraderdaily.com/register/

Today, PRO-TD covers ex-dividend news on JCI. Get our free coverage by signing up at:

http://protraderdaily.com/optin/?symbol=JCI

Dividend Declared

On June 14, 2017, Johnson Controls’ Board of Directors approved a regular quarterly cash dividend of $0.25 per common share payable on July 07, 2017, to shareholders of record at the close of business on June 28, 2017. Johnson Controls has paid a consecutive dividend since 1887.

Johnson Controls indicated dividend represents a yield of 2.41%, substantially higher in comparison to the average dividend yield for the Consumer Goods sector of 1.74%. The Company is paying this dividend since May 2016.

Dividend Insights

Johnson Controls has a negative dividend payout ratio of negative 131% which reflects that the Company’s current distribution is coming through its cash reserves. However, according to analysts’ estimates, Johnson Controls is expected to report earnings of $3.06 in the coming year which would be able to comfortably cover the Company’s annualized dividend of $1.00.

As on March 31, 2017, the Company had a cash balance on hand of $412 million and the Company’s current assets totaled $13.23 billion against the current liabilities of $10.74 billion. This clearly demonstrates that Johnson Controls has a strong liquidity position upon which it can rely to absorb any fluctuations in earnings and pay its dividend without interruption.

About the Company

Johnson Controls is a multinational conglomerate headquartered in Cork, Ireland that produces automotive parts such as batteries and electronics and HVAC equipment for buildings. It employs 170,000 people in more than 1,300 locations across six continents. As of 2016, it was listed 242nd in the Fortune Global 500. The Company was formed via the merger of US company Johnson Controls with Tyco International which was announced on January 25, 2016.

Recent Development for Johnson Controls

On June 14, 2017, Johnson Controls announced that its Board of Directors has appointed Lynn Minella as Vice President and Chief Human Resources Officer effective June 14, 2017. She will also serve as a Corporate Officer. Minella succeeds Simon Davis who is leaving the company to pursue other opportunities.

On the same day, Johnson Controls’ Board of Directors elected W. Roy Dunbar to serve as a director, effective immediately. Dunbar is founder and CEO of private companies focused on renewable energy and real estate development. He served in roles as CEO and Chairman of Network Solutions which was subsequently acquired by Web.com. Dunbar also was President of Global Technology and Operations at MasterCard, and he previously spent over a decade at Eli Lilly where he served as president Intercontinental Region and Chief Information Officer.

Stock Performance

Johnson Controls’ share price finished yesterday’s trading session at $41.82, marginally up 0.89%. A total volume of 3.93 million shares have exchanged hands. The Company’s stock price advanced 0.77% and 3.19% in the last three months and previous twelve months, respectively. Additionally, the stock gained 1.53% since the start of the year. Shares of the Company have a dividend yield of 2.39% and currently have a market cap of $39.31 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 466617