Honeywell To Increase Quarterly Dividend Effective Q4 2023 From $1.03 To $1.08 Per Share
Portfolio Pulse from Benzinga Newsdesk
Honeywell (NASDAQ:HON) has announced an increase in its regular annual cash dividend from $4.12 to $4.32 per share, effective from Q4 2023. The Q4 dividend of $1.08 per share is payable on December 1, 2023. This marks the 14th increase in 13 consecutive years.
September 29, 2023 | 2:36 pm
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POSITIVE IMPACT
Honeywell's decision to increase its annual cash dividend could be seen as a positive sign of the company's financial health and commitment to returning value to shareholders. This may have a positive impact on the company's stock in the short term.
Dividend increases are often seen as a sign of a company's strong financial health. As such, they can lead to increased investor confidence, which can drive up the stock price. Given that this is Honeywell's 14th increase in 13 consecutive years, it demonstrates a strong commitment to returning value to shareholders, which is likely to be viewed positively by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100