CHARLOTTE, N.C., Sept. 27, 2019 /PRNewswire/ -- Honeywell (NYSE:
HON) today announced that its Board of Directors has approved a 10%
increase in the company's regular annual cash dividend from
$3.28 to $3.60 per share. The increase will be effective
starting with the fourth-quarter dividend of $0.90 per share, which was declared today, and is
payable on December 6, 2019, out of
surplus to holders of record at the close of business on
November 15, 2019.
"We are continuing our aggressive capital deployment strategy
with today's announcement that we will increase our dividend rate
by double digits for the 10th time since 2010," said Chairman and
Chief Executive Officer Darius
Adamczyk. "Honeywell is well positioned for future growth,
and we remain focused on continuing to deliver value to our
shareowners."
Honeywell (www.honeywell.com) is a Fortune 100 technology
company that delivers industry specific solutions that include
aerospace products and services; control technologies for buildings
and industry; and performance materials globally. Our technologies
help everything from aircraft, buildings, manufacturing plants,
supply chains, and workers become more connected to make our world
smarter, safer, and more sustainable. For more news and information
on Honeywell, please visit www.honeywell.com/newsroom.
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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Nina
Krauss
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Mark
Bendza
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(704)
627-6035
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(704)
627-6200
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nina.krauss@honeywell.com
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mark.bendza@honeywell.com
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SOURCE Honeywell