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Business
Anushka Dutta

Is Honeywell International a Good Dividend Stock to Buy Now?

HON Honeywell International Honeywell International Inc Ukraine

Honeywell International Inc. (HON) in Morris Township, N.J. is a diversified technology and manufacturing company that operates globally. The company operates through the broad segments of Aerospace; Honeywell Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions.

HON’s CEO Darius Adamczyk stated that the company took a $183 million, or about 27 cents per share, hit after substantially suspending its Russian operations, following the breakout of war in Ukraine. However, HON has raised its guidance for the full year, with adjusted earnings expected to come in between $8.50-$8.80 per share, indicating an increase from its previous adjusted earnings guidance of between $8.40-$8.70 per share.

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