Johnson Controls Increases Quarterly Dividend to $.31 Per Share
15 November 2000
Johnson Controls Increases Quarterly Dividend to $.31 Per ShareMILWAUKEE, Nov. 15 The board of directors of Johnson Controls today approved an increase in the company's quarterly cash dividend to $.31 per common share from $.28 per common share. With the increase, the indicated annual dividend is $1.24 per share, up from $1.12 per share. A quarterly dividend of $.31 is payable January 2, 2001 to shareholders of record December 8, 2000. "This marks the 26th consecutive year that Johnson Controls has raised its dividend. It is a reflection of our record results in fiscal 2000, our strong financial position and our anticipation of double-digit growth in sales and earnings for fiscal 2001," said James H. Keyes, chairman and chief executive officer. Johnson Controls has paid consecutive dividends since 1889. Johnson Controls is a global market leader in automotive systems and facility management and control. In the automotive market, it is a major supplier of seating and interior systems, and batteries. For nonresidential facilities, Johnson Controls provides building control systems and services, energy management and integrated facility management. Johnson Controls, founded in 1885, has headquarters in Milwaukee, Wis. Its sales for 2000 totaled $17.2 billion. For additional company information, visit http://www.johnsoncontrols.com . The company has made forward-looking statements in this document, including market, sales, earnings and cash flow forecasts, that are subject to risks and uncertainties. For those statements, the Company cautions that numerous important factors discussed here and in the Company's Form 8-K filing (dated October 26, 2000), 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.