Honeywell International (HON) will raise its quarterly dividend by 9.9 percent to $0.3325 per share in the first quarter of 2011. This is the first dividend hike by the industrial since Q1 of 2009.
The increased dividend is payable on March 10, 2011 to shareholders of record at the close of business on February 18, 2011. The ex-date for his next dividend of 33.25 cents per share is February 16, 2011.
Honeywell International Inc. is a technology and manufacturing company. The company delivers industry specific solutions that include aerospace and automotive products and services; control technologies for buildings, homes, and industry; and performance materials globally.