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Honeywell To Increase Dividend By 12% Effective In The Fourth Quarter 2011

Honeywell announced that its Board of Directors has approved a 12% increase, or $0.16 per share, in the company’s regular annual cash dividend rate from $1.33 to $1.49 per common share ($0.3725 per share on a quarterly basis).  The increased regular quarterly dividend rate will be effective starting with the fourth quarter dividend, which was declared today and is payable on December 9, 2011 to shareowners of record at the close of business on November 18, 2011.

“The strength of our business performance year-to-date and our expectations for continued good organic sales growth, EPS expansion, and cash flow generation led to the decision to increase the dividend rate by 12%, compared to the historical 10% increase, and accelerate the effective date to the fourth quarter of this year,” said Honeywell Chairman and CEO Dave Cote. “Our strategies for smart cash deployment, including reinvestment in our businesses, disciplined M&A, dividend growth, and opportunistic share repurchases, will continue to be drivers of shareowner value.”