Air Conditioning Company To Reward With Rs. 36 Dividend: 9th July Record Date, Payable By 24th July; Buy?

Founded in October 2015 as a joint venture between Johnson Controls and Hitachi Appliances, Inc. (formerly Hitachi Global Life Solutions, Inc.), Johnson Controls-Hitachi Air Conditioning is a multinational producer of air conditioners. From room air conditioners to commercial air conditioners, Johnson Controls-Hitachi Air Conditioning India Limited produces a variety of products, including VRF systems, ductable air conditioners, chillers, and telecom air conditioners.

Johnson Controls-Hitachi Air Conditioning India Dividend

"Following are the outcomes of the Board meeting held on 3rd July, 2025: 1. The Board declared an interim dividend of Rs. 36/- per equity share (360%) of Rs. 10/- each for the year 2025-26. 2. Pursuant to Regulation 42 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 the record date for purpose of determining the members eligible to receive the Interim dividend for the financial year 2025-26, has been fixed as 9th July, 2025. 3. Interim Dividend will be paid on or before 24th July, 2025," said Johnson Controls-Hitachi Air Conditioning India in a stock exchange filing.

Johnson Controls-Hitachi Air Conditioning India Dividend History

Johnson Controls-Hitachi Air Conditioning India (JCHAC) has a modest but comparatively stable dividend history. From FY2010 to FY2019, the company paid dividends of Rs 1.50 per share nearly every year. In FY2025, the dividend was increased to Rs 15 per share (paid on June 10, 2025). The most recent announcement was made in early July 2025 of an interim dividend of Rs 36 per share (360% on face value), with a record date of July 9 and a payment date of July 24.

According to indmoney.com, the dividend yield climbed proportionately, rising from around zero for the majority of the 2010s to roughly 0.83% in mid-2025, based on a share price of about Rs 1,811. This number is significantly above its own historical 10-year average of 0.06%, according to Wisesheets, but it still falls short of the yields of its leading dividend-paying rivals. JCHAC's current yield of about 0.83% is over double the sector average of about 0.4% when compared to the broader consumer durables industry.

Johnson Controls-Hitachi Air Conditioning India Share Price Target

"The stock has bounced from support near ₹1,760 and is now approaching resistance at ₹1,850. A breakout above ₹1,850 could drive the stock toward ₹1,920-₹1,950. The trend is cautiously positive, but momentum will strengthen only above ₹1,850. Traders can look to enter on dips with a stop-loss at ₹1,750 or buy on a confirmed breakout," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

Disclaimer

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