Johnson Controls International plc (JCI) will raise its quarterly dividend by 3.8 percent to $0.27 per share in 2021. This is the first increase announced by the company since 2017. 

The next dividend is payable on April 16, 2021, to shareholders of record at the close of business on March 22, 2021. A new annual dividend rate of $1.08 per share yields 1.8% at a stock price of $61.09.

Johnson Controls International plc, headquartered in Cork, Ireland, is a manufacturer and installer of building products and systems, including HVAC equipment, HVAC controls, energy-management systems, security systems, fire detection systems and fire suppression solutions. The company further serves customers by providing technical services (in the HVAC, security and fire-protection space), energy-management consulting and data-driven solutions via its data-enabled business. Also, the Group has a strong presence in the North American residential air conditioning and heating systems market and is a global market leader in industrial refrigeration products. Johnson Controls was originally incorporated in the state of Wisconsin in 1885 as Johnson Electric Service Company to manufacture, install and service automatic temperature regulation systems for buildings.