Companies often establish a pattern of hiking dividends at the same time each year, giving investors a reliable cash influx and enticing them to stick around for the long term. With help from StreetInsider and InvestingPro+ data, here is your weekly list of companies that look set to raise their payouts in the next week, based on what they did this time last year - as well as their payout histories and payout ratios, which can give you a better idea of whether they're likely to hike again.
Shares of Johnson Controls (NYSE: JCI) have been under pressure this year due to investor concerns that a weak housing market would crimp demand for its ventilation and climate control equipment. Shares of Johnson Controls gained 14.9% in November, according to data provided by S&P Global Market Intelligence, cutting the stock's loss for the year in half in a single month. Johnson Controls is a maker of heating, ventilation, and air conditioning systems (HVAC) for commercial and residential buildings.
A Wall Street analyst has an upbeat view on Johnson Controls International (NYSE: JCI), and the stock is getting a boost as a result. Shares of Johnson Controls traded up as much as 2.2% after Barclays raised its price target on the stock. Johnson Controls is focused on heating, ventilation, and air conditioning systems (HVAC), and the stock has had a rough year as investors have grown increasingly concerned about homebuilding activity in a rising rate environment.