Johnson Controls - Hitachi Air announces highest ever dividend of Rs 36/share. Check payment, record dates

Johnson Controls - Hitachi Air Conditioning India on Thursday announced its highest ever dividend of Rs 36 per share for the financial year 2025-26 and has set Wednesday, July 9 as the record date. The interim dividend will be paid on or before July 24, according to a company filing to the exchanges.

The news triggered price action in the smallcap counter as Johnson Controls shares jumped nearly 5% to hit the day's high of Rs 1,825.

Dividend history

Since 2010, the company has announced 11 dividends since July 2010 and the stock has a dividend yield of 0.85%. In the past 12 months, Johnson Controls has declared an equity dividend amounting to Rs 15 per share, according to Trendlyne data.


On all other occasions, it declared dividends of Rs 1.5 per equity share.

Johnson Controls share price performance

With a market capitalisation of Rs 4,956.90 crore on the NSE, Johnson Controls shares have been market laggards. The stock has declined 9% over a 1-year period while trading flat in 2025 so far albeit with a negative bias.

Johnson Controls–Hitachi Air Conditioning is a joint venture between Hitachi Appliances, Inc. (now Hitachi Global Life Solutions, Inc.) and Johnson Controls, Inc. Hitachi Appliances carved out and contributed its air conditioning business to the Joint Venture. Johnson Controls acquired a 60% stake of the carved-out business and Hitachi Global Life Solutions, Inc. continues as a 40% shareholder of this venture.

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