What's Going On With Honeywell International Stock Today?
Portfolio Pulse from Nabaparna Bhattacharya
Honeywell International Inc. (NASDAQ:HON) announced an increase in its annual cash dividend from $4.32 to $4.52 per share, marking the 15th increase in 14 years. The company is focusing on automation, aviation, and energy transition, with plans to deploy $25 billion towards dividends, acquisitions, and more by 2025. Honeywell shares have gained over 12% in the past year, and the stock is trading higher by 0.67% today. Investors can access Honeywell through ETFs like GCAD and DIVO. Honeywell is also developing an AI-enabled agent for mobile devices with Qualcomm Inc. (NASDAQ:QCOM).
September 27, 2024 | 5:31 pm
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POSITIVE IMPACT
Amplify CWP Enhanced Dividend Income ETF (DIVO) offers exposure to Honeywell, which has increased its dividend and is performing well.
DIVO, which includes Honeywell, may benefit from the company's positive performance and dividend increase, attracting income-focused investors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to Honeywell through the Gabelli Commercial Aerospace and Defense ETF (GCAD), which may benefit from Honeywell's positive performance and dividend increase.
As Honeywell's stock performs well, ETFs like GCAD that include Honeywell may see positive impacts, especially with the dividend increase.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Honeywell increases its annual dividend to $4.52 per share, marking the 15th increase in 14 years. The company is focusing on key megatrends and plans to deploy $25 billion by 2025. Shares are up 0.67% today.
The dividend increase is a positive signal to investors, indicating financial health and commitment to returning value to shareholders. The focus on megatrends and significant capital deployment plans further support a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Honeywell is collaborating with Qualcomm to develop an AI-enabled agent for mobile devices, enhancing interaction in distribution and retail industries.
The partnership with Honeywell to develop AI technology could enhance Qualcomm's product offerings and market reach, potentially boosting its stock.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 30