Honeywell hikes dividend by 9.8%
Honeywell International (HON) will raise its quarterly dividend by 9.8 percent to $0.90 per share in the fourth quarter of 2019. Last year the industrial company hiked its dividend by 10.1 percent.
The next dividend is payable on December 6, 2019, out of surplus to holders of record at the close of business on November 15, 2019. A new annual rate of $3.60 per share yields 2.2% at a stock price of $167.
"We are continuing our aggressive capital deployment strategy with today's announcement that we will increase our dividend rate by double digits for the 10th time since 2010," said Chairman and Chief Executive Officer Darius Adamczyk. "Honeywell is well positioned for future growth, and we remain focused on continuing to deliver value to our shareowners."
Honeywell International Inc. is a technology and manufacturing company. The company's business segments are Aerospace, Honeywell Building Technologies, Performance Materials and Technologies and Safety and Productivity Solutions. Honeywell's customers include airlines, defense and space contractors, commercial building owners and petrochemical companies. Honeywell was incorporated in Delaware in 1985.
The next dividend is payable on December 6, 2019, out of surplus to holders of record at the close of business on November 15, 2019. A new annual rate of $3.60 per share yields 2.2% at a stock price of $167.
"We are continuing our aggressive capital deployment strategy with today's announcement that we will increase our dividend rate by double digits for the 10th time since 2010," said Chairman and Chief Executive Officer Darius Adamczyk. "Honeywell is well positioned for future growth, and we remain focused on continuing to deliver value to our shareowners."
Honeywell International Inc. is a technology and manufacturing company. The company's business segments are Aerospace, Honeywell Building Technologies, Performance Materials and Technologies and Safety and Productivity Solutions. Honeywell's customers include airlines, defense and space contractors, commercial building owners and petrochemical companies. Honeywell was incorporated in Delaware in 1985.