Johnson Controls Intl: Dividend Insights
Portfolio Pulse from Benzinga Insights
Johnson Controls Intl (NYSE:JCI) has announced a quarterly dividend of 37 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 37 cents lower. Shareholders owning JCI by the end of Thursday's session will be eligible for the dividend, which will be paid out on October 20, 2023.
September 19, 2023 | 2:45 pm
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NEUTRAL IMPACT
Johnson Controls Intl's announcement of a 37 cents per share dividend may lead to a temporary decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
The announcement of a dividend often leads to a temporary decrease in the stock price as it goes ex-dividend. This is because the stock price is adjusted to reflect the payout. However, this is a regular part of the dividend process and not a reflection of the company's performance. Therefore, the impact on the stock price is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100