Honeywell's Board Approves 5% Increase in Dividend Rate

Summary of Key Points Core Viewpoint - Honeywell International Inc. has announced a 5% increase in its quarterly dividend to $1.19 per share, reflecting the company's strong financial health and commitment to returning value to shareholders [1][2][8]. Financial Performance - The new dividend will be paid on December 5, 2025, to shareholders of record as of November 14, 2025 [1][8]. - This marks Honeywell's 16th consecutive dividend increase since 2010, with the previous increase occurring in September 2024 [2][8]. - In the first half of 2025, Honeywell's dividend payments totaled $1.48 billion, while share buybacks amounted to $3.6 billion [3][8]. - The company paid out $2.9 billion in dividends in 2024, indicating a robust cash flow that supports its capital deployment strategies [3]. Business Segments and Market Position - Honeywell is well-positioned to benefit from growth in the commercial aviation and building automation sectors, particularly in its Aerospace segment, which is bolstered by defense business strength and increased air transport flight hours [4]. - The commercial aviation aftermarket business is experiencing strong demand, although there are concerns regarding persistent weakness in the Industrial Automation segment due to lower demand [4]. Stock Performance - Over the past year, Honeywell's shares have increased by 0.7%, contrasting with a 1.1% decline in the industry [5]. - The Zacks Consensus Estimate for Honeywell's 2025 earnings is projected at $10.51 per share, reflecting a 0.4% increase from the previous estimate [5].