Johnson Controls Raises Dividend 12%; 31st Consecutive Year of Increases
MILWAUKEE, Nov. 16, 2005 -- The Directors of Johnson Controls, Inc. (JCI) today increased the quarterly cash dividend on common shares to $0.28 per share from the previous quarterly rate of $0.25. The dividend is payable January 3, 2006 to shareholders of record December 14, 2005.
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With the increase, the indicated annual dividend rate for fiscal 2006 is $1.12, up 12 percent from the $1.00 per share paid in 2005. It marks the 31st consecutive year that Johnson Controls has increased its dividend. The company has paid consecutive dividends since 1887.
"The increase reflects our double-digit increases in 2005 sales and income, continued strong cash flows and outlook for double-digit improvements in 2006 and beyond," said John M. Barth, Chairman and Chief Executive Officer.
"Our ability to embrace change has long been a key to the success of Johnson Controls," Mr. Barth continued. "In 2005, we made transformational changes that extended the global leadership we enjoy in our each of our industries and enabled us to begin fiscal 2006 in an even stronger competitive position. We believe our balanced, multi-industry portfolio of businesses will continue to provide us with significant opportunities for sustained, profitable growth."
Johnson Controls is a global leader in interior experience, building efficiency and power solutions. The company provides innovative automotive interiors that help make driving more comfortable, safe and enjoyable. For buildings, it offers products and services that optimize energy use and improve comfort and security. Johnson Controls also provides batteries for automobiles and hybrid electric vehicles, along with systems engineering and service expertise. Johnson Controls , founded in 1885, is headquartered in Milwaukee, Wisconsin. For additional information, please visit http://www.johnsoncontrols.com/ .
Johnson Controls has made forward-looking statements in this document pertaining to its financial results for the fiscal years of 2006 and 2007 that are based on preliminary data and are subject to risks and uncertainties. Forward-looking statements include information concerning possible or assumed future risks and may include words such as "believes," "forecasts," "expects," "outlook" or similar expressions. For those statements, the company cautions that numerous important factors, such as completion of the acquisition of York International in December 2005, automotive vehicle production levels and schedules, the ability to increase prices due to higher raw material costs, the strength of the U.S. or other economies, currency exchange rates, the company's effective tax rate, cancellation of commercial contracts, as well as those factors discussed in the company's Form 8-K (dated October 7, 2005) could affect the company's actual results and could cause its actual consolidated results to differ materially from those expressed in any forward- looking statement made by, or on behalf of, the company.
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