Honeywell International Inc. (NASDAQ:HON) is included among the 12 Most Promising Dividend Stocks According to Wall Street Analysts.
Photo by
Viacheslav Bublyk on
Unsplash
Honeywell International Inc. (NASDAQ:HON) stands as one of the major players in the diversified industrial sector, providing products and solutions across a wide range of industries and regions worldwide. The company operates through several key segments, including Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions, helping organizations improve efficiency and innovation.
With nearly 140 years of experience, Honeywell International Inc. (NASDAQ:HON) has built a strong reputation for reliability and quality. The ongoing growth in e-commerce has increased demand for warehouse automation, an area where Honeywell offers advanced solutions. Its automation technologies have also proven effective in enhancing productivity and delivering solid returns on investment.
On September 26, Honeywell International Inc. (NASDAQ:HON) announced a 5.3% increase in its quarterly dividend, raising it to $1.19 per share. This marks the 16th dividend hikes over 15 consecutive years, underscoring Honeywell’s steady commitment to rewarding shareholders. With a dividend yield of 2.27%, as of October 8, HON is among the most promising stocks to invest in.
While we acknowledge the potential of HON as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 14 Best Food Dividend Stocks To Buy According to Analysts and Dividend Champions List: Top 15 Stocks to Buy.
Disclosure: None.