Honeywell (HON) Declares $0.745 Quarterly Dividend; 1.9% Yield

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Honeywell (HON) Announced Resideo will be Corporate Name of Post-Spin Company

July 25, 2018 11:02 AM EDT

Honeywell (NYSE: HON) announced Resideo will be the corporate name of the Honeywell Homes product portfolio and ADI global distribution businesses when they become a stand-alone, publicly traded company following completion of a spin that is expected by the end of 2018. Honeywell will license its brand to Resideo under a long-term agreement for use in its home comfort and security hardware, and software solutions for all channels.

"The home is the biggest investment most of us will ever make the place where we create a lifetime of memories," said Mike Nefkens,... More