How To Earn $500 A Month From Johnson Controls Stock Following Q4 Earnings Report
Portfolio Pulse from Avi Kapoor
Johnson Controls International plc (NYSE:JCI) reported Q4 FY23 sales of $6.91 billion, a 2.7% increase Y/Y but below the consensus of $7.09 billion. Adjusted EPS was $1.05, also below the consensus of $1.09. The company offers a dividend yield of 2.78%, with a quarterly dividend of 37 cents per share. To earn $500 monthly from dividends, an investment of approximately $215,632 or 4,054 shares is needed. JCI shares fell 6% to close at $53.19 on Tuesday after the earnings report.
December 13, 2023 | 12:58 pm
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Johnson Controls reported lower-than-expected Q4 FY23 results, with sales and adjusted EPS missing consensus estimates. The company's dividend yield is 2.78%, but shares dropped 6% after the earnings release.
The earnings miss is likely to negatively impact investor sentiment in the short term, leading to a decrease in stock price. The drop in share price post-earnings report confirms this negative sentiment. However, the dividend yield may provide some cushion to the stock price as it may attract income-focused investors.
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