Morris Township-based Honeywell International Inc. announced today its board has approved a 10 percent increase in the company's annual cash dividend. This increases the rate from $1.64 to $1.80 per common share, or 45 cents per share on a quarterly basis.
According to the announcement, the increased regular quarterly dividend rate will be effective starting with the fourth quarter dividend, which was declared today and is payable Dec. 10 to shareowners of record at the close of business Nov. 21. The company recently completed a $600 million acquisition of mobile technology company Intermec.
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