Company: Honeywell International Inc. (HON)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: Honeywell traces its roots to 1885 with Albert ButzÕs firm, Butz Thermo-Electric Regulator, which produced a predecessor to the modern thermostat. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies (37% of 2023 company revenue), industrial automation (29%), energy and sustainability solutions (17%), and building automation (17%). Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving 30% of its revenue from recurring aftermarket services. -Morningstar.com-
Symbol: HON
Recent Price: $199.91
Dividends: $4.32
Yield: 2.16%
Sector: Industrials
Industry: Conglomerates
Address & Company Phone #: 300 South Tryon St. Charlotte NC 28202, 704-627-6200
Transfer Agent: Equiniti Group plc. 800-647-7147
Moody’s Rating: A2
Minimum & Maximum Investment: $25 – $120,000/year
Investment Dates: Every 30 days beginning 1st bus. day
Shares to Qualify: 1 Share
Fees: Div.: 5% of amount invested up to $5+6¢/sh Cash: $5+6¢/sh. Cert: $0! Sells: by Mail, Phone or Internet for $15+12¢/sh.
52 Week High & Low: $218.36, $174.88