MORRIS TOWNSHIP, N.J.,
Oct. 31, 2014 /PRNewswire/ -- Honeywell (NYSE: HON) today
announced that its Board of Directors has approved a 15 percent
increase in the company's regular annual cash dividend rate
(from $1.80 to $2.07 per
common share). The increased regular quarterly dividend will
be effective starting with the fourth quarter dividend, which was
declared today and is payable on December 10, 2014 to
shareowners of record at the close of business on November 20,
2014.
"Today's announcement reinforces our commitment to driving
shareholder value," said Honeywell Chairman and CEO Dave Cote. "Our 5-year plan reflects a
balanced capital allocation strategy that includes strategic
M&A, opportunistic share buybacks and dividends which grow
faster than our earnings. We're very proud of our ability to
generate the strong earnings and cash growth required to increase
our dividend for the tenth time since 2005 and are confident in
Honeywell's ability to outperform in the future."
Honeywell (www.honeywell.com) is a Fortune 100 diversified
technology and manufacturing leader, serving customers worldwide
with aerospace products and services; control technologies for
buildings, homes and industry; turbochargers; and performance
materials. For more news and information on Honeywell,
please visit www.honeywellnow.com.
This release contains certain statements that may be deemed
"forward-looking statements" within the meaning of Section 21E of
the Securities Exchange Act of 1934. All statements, other than
statements of historical fact, that address activities, events or
developments that we or our management intends, expects, projects,
believes or anticipates will or may occur in the future are
forward-looking statements. Such statements are based upon certain
assumptions and assessments made by our management in light of
their experience and their perception of historical trends, current
economic and industry conditions, expected future developments and
other factors they believe to be appropriate. The forward-looking
statements included in this release are also subject to a number of
material risks and uncertainties, including but not limited to
economic, competitive, governmental, and technological factors
affecting our operations, markets, products, services and prices.
Such forward-looking statements are not guarantees of future
performance, and actual results, developments and business
decisions may differ from those envisaged by such forward-looking
statements. We identify the principal risks and uncertainties that
affect our performance in our Form 10-K and other filings with the
Securities and Exchange Commission.
Contacts:
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Media
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Investor
Relations
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Robert C.
Ferris
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Elena Doom
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(973)
455-3388
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(973)
455-2222
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rob.ferris@honeywell.com
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elena.doom@honeywell.com
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SOURCE Honeywell