Honeywell International (NYSE: HON) has declared a quarterly dividend of $1.03 per share, representing a 5.1% increase from the prior dividend of $0.98.

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Honeywell International ($NASDAQ:HON) Inc. is a diversified technology and manufacturing company that produces a variety of commercial and consumer products, engineering services and aerospace systems. Honeywell raises their quarterly dividend by 5.1% from $0.98 to $1.03 per share, representing a solid return for shareholders. The company has a long history of paying and increasing dividends, and with a strong balance sheet and cash flow, Honeywell is well-positioned to continue this trend in the future.

Dividends

The company’s strong dividend history is supported by its strong financials. Looking ahead, Honeywell is well-positioned for continued success. The company is benefiting from positive secular trends, including the continued shift to digitalization and the need for more energy-efficient buildings.

In addition, Honeywell is executing well on its growth initiatives, including its acquisition of Resideo Technologies, which is expected to be accretive to earnings in 2021. Given all of these factors, it’s no surprise that Honeywell is increasing its dividend. The company is confident in its ability to generate strong cash flow, and it is committed to returning cash to shareholders through dividends and share repurchases. Honeywell is a great income investment for investors looking for reliable dividend growth.

Stock Price

The company’s stock opened at $170.1 on Friday and closed at $167.0, down by 1.8% from its prior closing price of 170.1. Despite the decline in its stock price, Honeywell’s dividend hike is a positive development for investors. This represents a 5.1% increase in the dividend, which is good news for income investors.

Honeywell is a large and diversified company with a strong track record of dividend growth. Honeywell is a solid dividend stock that is worth considering for long-term investors.

VI Analysis

HONEYWELL INTERNATIONAL is a large, publicly-traded conglomerate with a long history and a diversified portfolio of businesses and products. The company’s fundamentals are strong, and its financial and business risk factors are relatively low. The company’s businesses span a wide range of industries, including aerospace, building technologies, chemicals, transportation, and industrial products. Honeywell’s products are used in a variety of applications, including aircraft engines, building controls, automotive systems, and industrial process controls. The company has a strong balance sheet, with plenty of cash and investments, and low levels of debt. Honeywell’s cash flow is also very strong, and the company has a history of consistent profitability.

The company’s businesses are global in scope, and it has a large and diversified customer base. Honeywell is a well-managed company, with a experienced and seasoned executive team. Overall, Honeywell is a low-risk investment, with strong fundamentals and a diversified business portfolio. The company’s financial and business risk factors are relatively low, and its cash flow is strong.

Summary

Honeywell International Inc. is a technology and manufacturing leader with a wide range of products and services for customers across the globe. The company has a long history of paying dividends to shareholders, and the recent 5.1% dividend increase is just one example of Honeywell’s commitment to creating value for investors. With a diversified portfolio of businesses, Honeywell is well positioned to continue delivering strong results in the years ahead. Given the company’s solid financial position and strong track record of execution, Honeywell is an attractive option for investors looking for exposure to the industrial sector.