Honeywell Declares a Quarterly Dividend of $0.82 in Q1 2019



Honeywell declares its first-quarter dividend

Today, Honeywell (HON) declared a regular cash dividend for the first quarter of 2019. HON also announced the key dates for its dividend. To be eligible for this dividend, investors must hold Honeywell stock as of February 22, 2019.

The dividend is scheduled to be paid to eligible shareholders on March 8, 2019.

HON has announced a dividend of $0.82 per share, which represents an increase of 10% over the previous year. However, there’s been no change in the dividend compared to the previous quarter. HON’s industrial peers Stanley Black & Decker (SWK) and Textron (TXT) have yet to declare their first-quarter dividends for 2019. United Technologies (UTX) has declared a dividend of $0.735 for the quarter.

At the end of the fourth quarter of 2018, HON had 743.9 million outstanding shares. Assuming HON doesn’t buy back any shares until the record date, HON will be spending ~$610 million on dividend payments.

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Stock update

At the time of writing this article, Honeywell was down 0.8%. Year-to-date, the stock has risen ~12.9%, and it’s trading 1.9% above its 100-day moving average of $145.07. However, investors need to be aware that its 14-day relative strength index stands at 69, indicating that it has moved very close to oversold territory. An RSI of 70 and above indicates that a stock is overbought.

Investors can indirectly hold Honeywell by investing in the Invesco Aerospace & Defense ETF (PPA), which holds 6.7% of its portfolio in Honeywell as of February 7, 2019.


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