Honeywell Intl Dividend Declaration

 
TIDMHON 
 
Honeywell Board Of Directors Declares Spin-Off Dividend Of AdvanSix Shares 
 
Sets Record and Distribution Dates for Honeywell Common Shareowners 
 
MORRIS PLAINS, New Jersey, Sept. 7, 2016 -- Honeywell (NYSE: HON) today 
announced that its board of directors has declared a pro rata dividend of 
AdvanSix common stock to be made effective at 11:59 p.m. EDT on October 1, 
2016, to Honeywell's shareowners of record as of 5:00 p.m. EDT on September 16, 
2016, the record date. 
 
Each Honeywell shareowner of record will receive a distribution of one share of 
AdvanSix common stock for every 25 shares of common stock, par value $1.00 per 
share, of Honeywell, that it holds on the record date. The distribution is 
subject to certain conditions. 
 
"Today's announcement represents another step in the evolution of the Honeywell 
portfolio and is consistent with our focus on businesses that offer high growth 
potential through differentiated technologies and software capabilities," said 
Honeywell Chairman and CEO, Dave Cote.   "We will continue to execute on our 
balanced capital deployment approach, which includes high-ROI capital 
expenditures, a competitive dividend, strategic M&A, and opportunistic share 
buybacks.  During the past 15 years, we've made approximately 90 acquisitions 
and divested approximately 70 businesses, which has helped us establish a 
portfolio of businesses that can fully leverage our core technological strength 
and focus on great positions in good industries." 
 
"AdvanSix is favorably positioned to continue to achieve global growth as a 
standalone enterprise," said Honeywell President and Chief Operating Officer, 
Darius Adamczyk.  "It will now have the added flexibility to make capital 
investments to enhance its offerings and service to customers and drive value 
to shareowners." 
 
It is anticipated that when-issued trading on the NYSE in AdvanSix common stock 
will begin on or about Wednesday, September 14. On Monday, October 3 AdvanSix 
common stock will begin regular-way trading on the NYSE under the symbol, 
"ASIX." 
 
Honeywell (http://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.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: 
 
Media                    Investor Relations 
 
Robert C. Ferris         Mark Macaluso 
 
(973) 455-3388           (973) 455-2222 
 
rob.ferris@honeywell.com mark.macaluso@honeywell.com 
 
SOURCE: Honeywell 
 
 
 
END
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