MORRIS TOWNSHIP, N.J.--(BUSINESS WIRE)--Oct. 28, 2005--The Board of Directors of Honeywell (NYSE: HON) has declared a regular quarterly dividend of $0.20625 per share on the company's outstanding common stock. The dividend is payable on December 9, 2005 to shareowners of record at the close of business on November 18, 2005. Honeywell International is a $26 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. For additional information, please visit www.honeywell.com.
HON's earnings for the past 12 months are net of a large earnings repatriation charge and a couple of other "one time" charges. When you factor some of these charges back into to income, the PE ratio would be quite a bit lower. The other big factors are: what are the PE rations for the forward 12 months, what are the dividends and what is the cash flow.