Honeywell International Inc. (NASDAQ:HON) Declares Quarterly Dividend of $0.70

Honeywell International Inc. (NASDAQ:HON) declared a quarterly dividend on Friday, September 25th. Stockholders of record on Friday, November 13th will be given a dividend of $0.70 per share by the conglomerate on Friday, December 4th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, November 13th.

Honeywell International has raised its dividend payment by an average of 0.4% per year over the last three years and has increased its dividend every year for the last 14 years. Honeywell International has a dividend payout ratio of 62.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Honeywell International to earn $9.92 per share next year, which means the company should continue to be able to cover its $7.14 annual dividend with an expected future payout ratio of 72.0%.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $228.22 on Wednesday. Honeywell International has a one year low of $196.59 and a one year high of $261.24. The company has a market cap of $72.43 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.71 and a beta of 0.86. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.82. The firm has a 50 day simple moving average of $212.66 and a 200 day simple moving average of $224.81.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, October 22nd. The conglomerate reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.10. The company had revenue of $4.99 billion for the quarter, compared to the consensus estimate of $5.01 billion. Honeywell International had a return on equity of 25.62% and a net margin of 24.36%. Honeywell International’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $2.82 EPS. Research analysts predict that Honeywell International will post 8.44 earnings per share for the current fiscal year.

About Honeywell International

Honeywell International is a technology and manufacturing company whose products and services support aerospace, buildings, industrial operations and energy applications. Its offerings include aircraft systems and components, building controls and safety technologies, industrial automation and process-control systems, and specialty materials. The company serves commercial and government customers in markets around the world. Its technologies are used in settings ranging from aircraft and commercial buildings to factories, warehouses and energy facilities.