Honeywell announced an increase of 3.3% in its annual dividend to $3.72 per share from $3.60. Based on the company’s closing price on Friday, the new annual dividend implies a yield of 2.3%. It marks the 11th consecutive year in which the software-industrial company has ramped up its dividend.Honeywell International (HON) said that the new dividend will be effective in the fourth quarter, and the quarterly dividend of $0.93 per share will be payable on Dec. 4 to shareholders of record on Dec. 13.In July, Honeywell posted stronger-than-expected 2Q earnings of $1.26 per share, in comparison to analysts’ expectations of …read more
Source:: Yahoo Finance
