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Honeywell increases dividend

MORRIS TOWNSHIP, N.J. (AP) -- The industrial conglomerate Honeywell is raising its annual cash dividend by 16 cents, to $1.80.

The quarterly dividend of 45 cents will be payable on Dec. 10 to shareholders of record as of Nov. 21.

Honeywell shares rose $1.14 to $85.79 in midday trading Tuesday.