Buy Honeywell (Hon) for innovation-driven dividend performance

Honeywell International Inc. (NASDAQ:Hon) is included in Buy Now Innovative Dividend Stocks.

Shot of a commercial plane with blurred color on the background. It represents the production of auxiliary power units in the Safety and Productivity Solutions segment.

Headquartered in North Carolina, Honeywell International Inc. (NASDAQ: HON) serves clients from a wide range of industries. One of its important innovations is the thermostatic expansion valve (TXV), an important part of use in air conditioning and refrigeration systems. This component regulates the flow of refrigerant to ensure proper temperature and pressure levels, and ultimately improves the efficiency of the cooling system.

In the second quarter of 2025, Honeywell International Inc. (NASDAQ: HON) reported revenue of $10.35 billion. This marked growth of 8.09% from the same period last year. Building Automation led the performance, with three of the company’s four segments achieving sales growth of over 5% in the quarter. This reflects the effectiveness of the accelerator operating system in responding to changing business situations and facilitating growth. This quarter benefited from the company’s emphasis on new product innovations, contributing to the continued expansion of its record backlog.

Honeywell International Inc. (NASDAQ: HON) is a strong dividend payer that has increased payments for the 14th consecutive year. The company paid a quarterly dividend of $1.13 per share, and as of July 28th, it has a dividend yield of 2.01%.

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Read next: 10 Best Safe Dividend Stocks to Buy Now and 10 stocks with the highest dividends to buy now.

Disclosure: None.