Honeywell International Inc. (NASDAQ:HON) Plans Dividend Increase - $1.19 Per Share

Key Points

• Honeywell International Inc. has announced a quarterly dividend increase to $1.19 per share, marking a 5.3% rise from the previous dividend of $1.13.
• The company has a healthy dividend payout ratio of 39.8%, ensuring that the dividend is well-covered by earnings, with expected earnings of $11.33 per share next year.
• Honeywell's stock traded at $208.19 with a market capitalization of $132.18 billion, indicating solid financial stability and growth potential.

Honeywell International Inc. (NASDAQ:HON - Get Free Report) announced a quarterly dividend on Friday, September 26th, RTT News reports. Investors of record on Friday, November 14th will be paid a dividend of 1.19 per share by the conglomerate on Friday, December 5th. This represents a c) annualized dividend and a dividend yield of 2.3%. This is a 5.3% increase from Honeywell International's previous quarterly dividend of $1.13.

Honeywell International has a dividend payout ratio of 39.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Honeywell International to earn $11.33 per share next year, which means the company should continue to be able to cover its $4.52 annual dividend with an expected future payout ratio of 39.9%.

Honeywell International Price Performance

NASDAQ:HON traded up $0.49 during trading hours on Friday, hitting $208.19. The company's stock had a trading volume of 3,551,594 shares, compared to its average volume of 4,367,362. Honeywell International has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The stock has a fifty day simple moving average of $217.83 and a 200-day simple moving average of $217.29. The company has a market capitalization of $132.18 billion, a P/E ratio of 23.68, a PEG ratio of 2.35 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.49 earnings per share. Honeywell International has set its FY 2025 guidance at 10.450-10.650 EPS. Q3 2025 guidance at 2.500-2.600 EPS. On average, analysts anticipate that Honeywell International will post 10.34 EPS for the current fiscal year.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.

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