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Honeywell's Dividend Offers 2.4 % Yield

 April 23, 2012 08:54 PM
 


Diversified industrial conglomerate Honeywell International, Inc. (NYSE: HON) declared a dividend of 37.25 cents per share payable on June 08, 2012 to shareholders of record as of May 18, 2012. Shares are expected to go ex-dividend from May 16, 2012.

Honeywell, which has paid dividends since 1887, has a current dividend yield of 2.4 percent and the yield rate tops certain classes of Treasury, Municipal and Corporate bonds. The company's 5-year average dividend yield works out to be 2.5 percent.

Five-year treasury bonds offer a yield of 0.81 percent, with 10-year and 30-year bonds providing 1.93 percent and 3.08 percent, respectively.

[Related -Honeywell International Inc. (HON) Q4 Earnings Preview: What To Watch?]

Meanwhile, AAA-rated municipal bonds give returns of 0.95 percent for 5 years, 1.63 percent for 10 years and 2.89 percent for 20 years.

Additionally, AAA-rated corporate bonds offer yields of 1.41 percent, 3.93 percent and 5.07 percent, for 5,10 and 20year periods, respectively.

Honeywell has a current payout ratio of 51 percent and 41 percent average for  the past 5 years. The company's price-to-earnings ratio of 21 is lower than the industry average of 57. Honeywell's debt-to-equity ratio stands at 67 percent, compared to the  industry average of 1 percent.

Morris Township, New Jersey-based Honeywell has delivered a return of 2.87 percent in the last 12 months, 111.07 percent in the last 3 years and 26.52 percent in the last 5 years.

Shares of Honeywell gained 7 percent year-to-date, and trading between $41.22 and $62.28 during the past 52-weeks.

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