Honeywell International (HON) will raise its quarterly dividend by 12 percent to $0.745 per share in the fourth quarter of 2017. Last year the industrial company raised its dividend from 59.5 cents to 66.5 cents per share quarterly.

The next dividend is payable on December 8, 2017 to shareowners of record at the close of business on November 17, 2017. The ex-date for this dividend is November 16, 2017.

"Honeywell remains committed to growing our dividend faster than earnings for shareholders," said President and CEO Darius Adamczyk.  "Since 2010, and including the 12% increase announced today, we have increased the dividend rate 10% or more eight times. This is consistent with our approach to return capital to shareholders through our aggressive capital deployment strategy, which also includes growth investments through high-return capital expenditures, accretive mergers and acquisitions, and share repurchases. Building on the strength of these investments, we remain confident in our ability to generate strong organic sales growth, margin expansion, improving free cash flow conversion, and earnings per share growth."

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.