Honeywell boosts dividend by 12%
Honeywell International Inc. (HON) said Friday it will raise its annual dividend by 12% to $2.98 a share from $2.66 a share. The new dividend will be effective starting in the fourth quarter, when the aerospace and automotive products and services company will pay a quarterly dividend of 74.5 cents a share on Dec. 8, to shareholders of record on Nov. 17. "Honeywell remains committed to growing our dividend faster than earnings for shareholders," said Chief Executive Darius Adamczyk. The FactSet consensus for 2017 earnings per share of $7.09 is 7.4% above the 2016 EPS of $6.60. Honeywell's stock has climbed 6.2% over the past three months, while the S&P 500 has gained 3.7%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
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