Honeywell to buy back shares up to $10B, maintains dividend
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Honeywell International (NASDAQ:HON)Â +1.1%Â post-market Monday after disclosing its board authorized the repurchase of as much as $10B of its common stock, including ~$2.1B remaining under its previously announced $10B buyback program.
The company earlier declared a $1.03/share dividend on its common stock, in line with its previous payout.
Honeywell (HON) expects a strong year with sequential improvement, and the company has attractive drivers for long-term investors, Dhierin Bechai writes in an analysis newly published on Seeking Alpha.