Dividends & Buybacks ·
Honeywell Aerospace declares inaugural $0.40 quarterly dividend on common stock
HONAHoneywell Aerospace Inc.
Honeywell Aerospace announced its third-quarter financial results and declared its first-ever quarterly cash dividend of $0.40 per share, payable December 4 to shareholders of record as of November 13. The company reported Q3 sales of $4.6 billion, up 2% year-over-year, with net income of $737 million and adjusted EBIT of $1.2 billion. Management raised its full-year pro forma standalone adjusted EPS guidance range to $7.85–$8.00 from $7.60–$7.90 and increased second-half free cash flow guidance to $1.2–$1.4 billion. Additionally, the company outlined plans for a $500 million expansion of its Tempe, Arizona manufacturing facility, expected to open in late 2028. Honeywell Aerospace is an independent global aerospace and defense company providing avionics, engines, power systems, and control systems.