MILWAUKEE, Nov. 15 /PRNewswire-FirstCall/ — The Directors of Johnson Controls, Inc. (JCI) today increased the quarterly cash dividend on common shares to $0.33 per share from the previous quarterly rate of $0.28, an increase of 18%. The dividend is payable January 2, 2007 to shareholders of record December 15, 2006.
“Johnson Controls has a diversified portfolio of world-class businesses that we believe will continue to grow globally. Today’s increase reflects our confidence in those growth prospects, as well as our strong cash flow and financial position,” said Chairman and Chief Executive Officer John M. Barth.
With the increase, the indicated annual dividend rate for fiscal 2007 is $1.32. The company paid $1.12 per share in 2006. Today’s action marks the 32nd consecutive year that Johnson Controls has increased its dividend. The company has paid consecutive dividends since 1887.
“We have the market insight, customer relationships and strategies to extend our global market leadership and deliver sustained, profitable growth,” Mr. Barth continued. “We expect that 2007 will be another record year for Johnson Controls.”
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 (NYSE:JCI) , founded in 1885, is headquartered in Milwaukee, Wisconsin. For additional information, please visit http://www.johnsoncontrols.com/ .
Johnson Controls, Inc. (“the Company”) has made forward-looking statements in this document pertaining to fiscal year 2007 that are based on preliminary data and are subject to risks and uncertainties. All statements other than statements of historical fact are statements that are or could be deemed forward-looking statements, including information concerning possible or assumed future risks. For those statements, the Company cautions that numerous important factors, such as automotive vehicle production levels and schedules, the ability to mitigate the impact of higher raw material and energy costs, the strength of the U.S. or other economies, currency exchange rates, cancellation of commercial contracts, labor interruptions, the ability to realize acquisition related integration benefits, and the ability to execute on restructuring actions according to anticipated timelines and costs, as well as those factors discussed in the company’s Form 8-K filing (dated October 6, 2006) and the risk factors as filed with the SEC January 9, 2006, 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.
