Honeywell raises dividend, to boost yield above 2.4%

Shares of Honeywell International Inc. /zigman2/quotes/205583690/composite HON -0.0051% edged up 0.1% in morning trading Friday, after the aerospace, control technologies for building and performance materials company raised its dividend by 5.1%. The new quarterly dividend of $1.03 a share, up from 98 cents, will be payable Dec. 2 to shareholders of record on Nov. 11. At current stock prices, the new annual dividend rate of $4.12 a share implies a dividend yield of 2.42%, which compares with implied yield for the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.09% of 1.81%, and would make the stock the 18th-highest yielding of the Dow Jones Industrial Average's /zigman2/quotes/210598065/realtime DJIA +0.04% 30 components. Honeywell's stock has lost 18.3% year to date, while the Dow has dropped 19.6%.

/zigman2/quotes/205583690/composite

Add to watchlist HON

Honeywell International Inc.

US : U.S.: Nasdaq

$ 194.26

-0.01 -0.0051%

Volume: 2.24M

Nov. 29, 2023 4:00p

P/E Ratio

24.08

Dividend Yield

2.22%

Market Cap

$128.07 billion

Rev. per Employee

$375,196

/zigman2/quotes/210599714/realtime

Add to watchlist SPX

S&P 500 Index

US : S&P US

4,550.58

-4.31 -0.09%

Volume: 0.00

Nov. 29, 2023 4:58p

/zigman2/quotes/210598065/realtime

Add to watchlist DJIA

Dow Jones Industrial Average

US : Dow Jones Global

35,430.42

+13.44 +0.04%

Volume: 0.00

Nov. 29, 2023 4:58p