HONEYWELL TO INCREASE DIVIDEND EFFECTIVE FOURTH QUARTER 2022
Honeywell (NASDAQ: HON) has announced an increase in its annual cash dividend from $3.92 to $4.12 per share, effective with the fourth-quarter dividend of $1.03 per share, payable on December 2, 2022. This marks the 13th increase in twelve consecutive years, reflecting the company's strong financial performance despite economic challenges. The dividend will benefit shareholders of record by November 11, 2022. Chairman Darius Adamczyk emphasized the importance of the robust balance sheet, cost management, and focus on sustainable growth.
- Dividend increased from $3.92 to $4.12 per share, positive for shareholder income.
- 13th increase in 12 consecutive years demonstrates consistent financial health.
- Fourth-quarter dividend of $1.03 reinforces company confidence.
- None.
CHARLOTTE, N.C., Sept. 29, 2022 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced that its Board of Directors has approved an increase in the company's regular annual cash dividend from
"Honeywell continues to deliver strong financial performance despite challenging economic headwinds, and we are pleased to announce an increase to our dividend today for the 13th time over twelve consecutive years," said Chairman and Chief Executive Officer Darius Adamczyk. "Our robust balance sheet, diligent cost management and focus on sustainable, profitable growth will allow us to continue creating value for our shareholders."
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.
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SOURCE Honeywell
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