UPDATE: (Correct) Honeywell (HON) Raises Quarterly Dividend 10% to $0.82

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Honeywell To Increase Dividend By 10% Effective In Fourth Quarter 2018

September 28, 2018 9:04 AM EDT

MORRIS PLAINS, N.J., Sept. 28, 2018 /PRNewswire/ -- Honeywell (NYSE: HON) announced today that its Board of Directors has approved a 10% increase in the company's regular annual cash dividend (from $2.98 to $3.28 per common share). The increase will be effective starting with the fourth-quarter dividend of $0.82 per common share, which was declared today, and is payable on December 7, 2018, out of surplus to shareowners of record at the close of business on November 16, 2018.

"Honeywell remains committed to delivering value to shareowners through our aggressive capital deployment strategy," said Chairman and Chief Executive Officer Darius Adamczyk. "Since 2010, and including... More