Honeywell International Inc. (NASDAQ:dear) is among the The 11 Best Military Drone Stocks to Buy According to Hedge Funds. The company recently announced that it will increase its regular annual cash dividend, beginning in the fourth quarter of 2025.
In a Sept. 26 press release, the firm said its Board of Directors had approved increasing the dividend from $4.52 to $4.76 per share, starting with the fourth-quarter dividend of $1.19, which was declared the same day, and will be paid on Dec. 5 to shareholders of record at the Nov. 14 close.
Vimal Kapur, Chairman and CEO of Honeywell International Inc. (NASDAQ:HON), said:
“Our decision to increase the dividend reflects both our focus on value creation and our confidence in the future. As we prepare to transform into three independent companies, each with the assets, scale and technology to thrive as market leaders, we remain committed to maximizing value for shareholders and unlocking new benefits for all stakeholders.”
This is the 16th time in 15 consecutive years that Honeywell International Inc. (NASDAQ:HON) has increased its annual dividend.
The company helps organizations address their most complex challenges in aviation, automation and energy transition. It is also a major player in the military drone market.
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