Honeywell International Inc. (NYSE:HON) announced a quarterly dividend on Friday, September 28th, Zacks reports. Stockholders of record on Friday, November 16th will be given a dividend of 0.82 per share by the conglomerate on Friday, December 7th. This represents a $3.28 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Thursday, November 15th. This is an increase from Honeywell International’s previous quarterly dividend of $0.75.

Honeywell International has increased its dividend by an average of 13.6% per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Honeywell International has a dividend payout ratio of 40.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Honeywell International to earn $8.07 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 40.6%.

NYSE HON opened at $150.32 on Friday. The company has a market cap of $111.19 billion, a PE ratio of 18.89, a PEG ratio of 1.92 and a beta of 1.04. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.49 and a quick ratio of 1.20. Honeywell International has a 1-year low of $139.30 and a 1-year high of $167.72.

Honeywell International (NYSE:HON) last posted its quarterly earnings data on Friday, October 19th. The conglomerate reported $2.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.04. The company had revenue of $10.76 billion during the quarter, compared to analyst estimates of $10.75 billion. Honeywell International had a net margin of 6.13% and a return on equity of 33.69%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $1.75 earnings per share. Equities analysts predict that Honeywell International will post 7.98 earnings per share for the current year.

Several research firms have recently weighed in on HON. JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $168.00 to $170.00 and gave the stock a “$153.70” rating in a report on Monday, July 23rd. Zacks Investment Research lowered shares of Honeywell International from a “hold” rating to a “strong sell” rating in a report on Thursday, October 25th. Citigroup set a $186.00 price objective on shares of Honeywell International and gave the stock a “buy” rating in a report on Tuesday, October 30th. ValuEngine raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Finally, Credit Suisse Group dropped their price objective on shares of Honeywell International from $170.00 to $165.00 and set a “neutral” rating for the company in a report on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $172.90.

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Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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Dividend History for Honeywell International (NYSE:HON)

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