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Shareholder Heaven Courtesy of Johnson Controls

 (Image source: autorevolution)

Shares of Johnson Controls Inc (NYSE:JCI) are soaring today as a result of an additional increase of $3 billion in the company’s share buyback program. Management feels extremely good about the financial position of the company. There are even hinting at record results for next year. The optimism has driven shares above 7 percent. But Johnson was done there; the company also hiked dividends by 16 percent to $22 per share. Shareholders must be in heaven today. Johnson took the street by surprise today.