Honeywell hikes dividend by 5.1%

On September 30, 2022, Honeywell International (HON) announced that it will raise its quarterly dividend by 5.1 percent to $1.03 per share in 2022. Honeywell has now raised its dividend 12 consecutive years.

The increase will be effective starting with the fourth-quarter dividend of $1.03 per share, which was declared today, and is payable on December 2, 2022, out of surplus to holders of record at the close of business on November 11, 2022. A new annual rate of $4.12 per share yields 2.4% at a stock price of $172 for Honeywell.

"Honeywell continues to deliver strong financial performance despite challenging economic headwinds, and we are pleased to announce an increase to our dividend today for the 13th time over twelve consecutive years," said Chairman and Chief Executive Officer Darius Adamczyk. "Our robust balance sheet, diligent cost management and focus on sustainable, profitable growth will allow us to continue creating value for our shareholders."

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 and has paid a dividend to shareholders without interruption every year since at least 1986.