Is Honeywell a Good Dividend Stock?
At present, Honeywell stock is trading at a premium compared to peer United Technologies after HON declared strong 4Q16 and full-year earnings on January 27, 2017.
As of February 21, 2017, 22 brokerage firms were tracking the Honeywell (HON) stock actively. 82% of these analysts recommended the stock as a “buy.”
On February 21, 2017, Honeywell (HON) stock closed at $124.71.
On February 9, 2017, Honeywell (HON) announced a dividend of $0.67 per share for 1Q17 on the company’s outstanding common stock.
Honeywell (HON) stock has been on the rise since the beginning of 2017. On a year-to-date (or YTD) basis, HON has risen 7.9%.
Broadcom’s dividend policy Previously in this series, we saw that Broadcom (AVGO) paid only 28% of its FCF (free cash flow) as dividends. The company expects acquisition, merger synergies, and…
Recently, Marathon Oil declared a dividend of $0.05 per share for 1Q17. The dividend will be payable on March 10, 2017, to stockholders of record at the close of business on February 15.
Southern Company (SO), one of the largest regulated utilities, declared quarterly dividends of $0.56 per share on January 13, 2017.
Renewables giant NextEra Energy (NEE) is one of the fastest-growing utilities in the US.
On January 24, 2017, Wells Fargo (WFC) announced a quarterly dividend of $0.38 for 4Q16. Wells Fargo is one of the highest dividend-paying stocks among its peers (XLF).
For 4Q16, FIS announced dividends of $0.29 per share, which is 12.0% higher on a year-over-year basis.
WestRock (WRK) reported fiscal 1Q17 net sales of $3.45 billion, a fall of 0.7% compared to net sales of $3.47 billion in fiscal 1Q16.
Spectrum Brands Holdings (SPB) rose 8.9% to close at $132.67 per share during the fourth week of January 2017.
Oshkosh (OSK) rose 4.2% to close at $72.55 per share during the fourth week of January 2017.
Delphi Automotive declared a quarterly cash dividend of $0.29 per share on its common stock. The dividend will be paid on February 15, 2017.
Ball Corporation declared a cash dividend of $0.13 per share on its common stock. It will be paid on March 15 to shareholders of record as of March 1, 2017.
Hanesbrands reported fiscal 3Q16 net sales of $1.8 billion—a rise of 10.7% compared to net sales of $1.6 billion reported in fiscal 3Q15.
Analysts expect Consolidated Edison’s (ED) dividends to rise 3% for the next couple of years.
Consolidated Edison (ED) increased its dividends for the 43rd consecutive year on January 19, 2017.
Dominion Resources’ projected annual dividend growth of ~8% seems achievable for the next few years considering its balanced earnings and stability.