Honeywell International Inc. (NYSE: HON)
Honeywell International is having a relatively strong day in the market today, and for good reason. It was announced that the company has increased its dividend. Today, we’ll talk about what we’re seeing from the stock, why, and what we can expect to see from HON moving forward.
What We’re Seeing From HON
As mentioned above, Honeywell International is having a relatively strong day in the market. The gains come after the company announced that it would be increasing shareholder dividends. Currently (11:01), HON is trading at $109.97 per share after a gain of $1.14 per share or 1.05% thus far today.
Why The Gains Are Happening
The gains that we’re seeing on HON today are happening for a very good reason. Early this morning, the company announced that it is increasing dividends. In the past, dividends came in at $2.38 per share. However, Honeywell International announced today that it is increasing dividends by around 12%. Future dividends will be paid at a rate of $2.66 per share.
What We Can Expect To See Moving Forward
Moving forward, I have an overwhelmingly bullish opinion of what we can expect to see from HON stock. At the end of the day, we’re talking about a massive company that has done an incredible job building its brand. Now, with increasing dividends, there’s even more reason to invest. All in all, I’m expecting to see gains from HON ahead.
Never Miss The News Again!
Do you want real-time, actionable news sent directly to your inbox? Join the CNA Finance mailing list below!
[Image Courtesy of Wikipedia]