Honeywell International Inc. (NASDAQ:HON – Get Free Report) announced a quarterly dividend on Friday, July 24th. Shareholders of record on Friday, August 14th will be given a dividend of 0.70 per share by the conglomerate on Friday, September 4th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 14th.
Honeywell International has raised its dividend by an average of 0.4%per year over the last three years and has raised its dividend every year for the last 14 years. Honeywell International has a dividend payout ratio of 83.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Honeywell International to earn $9.66 per share next year, which means the company should continue to be able to cover its $9.52 annual dividend with an expected future payout ratio of 98.6%.
Honeywell International Stock Performance
Shares of NASDAQ HON traded down $3.12 during trading hours on Friday, reaching $243.15. 3,822,390 shares of the stock were exchanged, compared to its average volume of 4,300,189. The stock’s fifty day simple moving average is $225.55 and its 200 day simple moving average is $226.50. The firm has a market capitalization of $77.04 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 5.25 and a beta of 0.90. Honeywell International has a 52 week low of $196.59 and a 52 week high of $261.24. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.10 and a current ratio of 1.39.
About Honeywell International
Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.
Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.
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