Johnson Controls International PLC said Wednesday it will raise its quarterly cash dividend by 4% to 26 cents a share, from 25 cents a share. The new dividend will be payable Jan. 12 to shareholders of record on Dec. 18. At Tuesday’s stock closing price of $37.13, the new annual dividend rate implies a dividend yield of 2.80%, compared with the implied yield for the S&P 500 of 1.91%. The said it has paid a consecutive dividend since 1887. Shares of the diversified industrial technologies company, which were still inactive in premarket trade, has lost 9.9% year to date through Tuesday, while the S&P 500 has gained 17.5%.
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