HON (Honeywell International) Dividend Payout Ratio: 0.49 (As of Mar. 2026) — Near Median

What is Honeywell International Dividend Payout Ratio?

Honeywell International HON -50.95% 71 Dividend Payout Ratio is 0.49 as of Mar. 2026, which is 9% above its 10-year median of 0.45. GuruFocus rates HON with a GF Score™ of 71/100 and a GF Value™ of $220.48 (Fairly Valued). The stock has 7 warning signs investors should review. Among 307 Conglomerates companies, Honeywell International ranks worse than 61.24% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Honeywell International's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.49.

The historical rank and industry rank for Honeywell International's Dividend Payout Ratio or its related term are showing as below:

HON' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.33 Med: 0.45 Max: 0.57
Current: 0.44

During the past 13 years, the highest Dividend Payout Ratio of Honeywell International was 0.57. The lowest was 0.33. And the median was 0.45.

HON's Dividend Payout Ratio is ranked worse than
61.24% of 307 companies
in the Conglomerates industry
Industry Median: 0.37 vs HON: 0.44

As of today (2026-06-29), the Dividend Yield % of Honeywell International is 4.10%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Honeywell International was 4.10%. The lowest was 1.67%. And the median was 2.12%.

Honeywell International's Dividends per Share for the months ended in Mar. 2026 was $2.38.

During the past 12 months, Honeywell International's average Dividends Per Share Growth Rate was 5.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Honeywell International was 17.10% per year. The lowest was -17.80% per year. And the median was 7.70% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Honeywell International (NAS:HON) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Honeywell International Dividend Payout Ratio Related Terms

Honeywell International Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Honeywell International's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Honeywell International Dividend Payout Ratio Chart

Honeywell International Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.47

0.45

0.57

0.44

0.47

Honeywell International Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.45	0.41	0.40	0.46	0.49

HON vs MMM, VMI, SEB: Dividend Payout Ratio Comparison

For the Conglomerates subindustry, Honeywell International's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Honeywell International Dividend Payout Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Honeywell International's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Honeywell International's Dividend Payout Ratio falls into.

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Honeywell International Inc HON

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Honeywell International Dividend Payout Ratio Calculation

Honeywell International's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	9.16	/	19.56
	=	0.47

Honeywell International's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	2.38	/	4.9
	=	0.49

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.49 mean?

Honeywell International (HON) has a Dividend Payout Ratio of 0.49 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Honeywell International and its competitors. This is near median its historical median of 0.45. Over the past decade, Honeywell International's Dividend Payout Ratio has ranged from 0.33 to 0.57. According to the industry distribution chart, Honeywell International ranks #188 out of 307 companies in the Conglomerates industry, placing it in the top 61.2%.

Is Honeywell International's Dividend Payout Ratio too high?

Honeywell International's current Dividend Payout Ratio of 0.49 is near median its 10-year median of 0.45. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 0.57. The Conglomerates industry median Dividend Payout Ratio is 0.37. Honeywell International's value of 0.49 is 32.4% above this industry median. Based on the distribution chart, Honeywell International ranks #188 out of 307 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Honeywell International has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Honeywell International's Dividend Payout Ratio compare to MMM and VMI?

According to the Conglomerates industry distribution chart, Honeywell International ranks #188 out of 307 companies for Dividend Payout Ratio. This places Honeywell International in the lower half of its industry. The industry median Dividend Payout Ratio is 0.37. Honeywell International's value of 0.49 is 32.4% above this benchmark. Historically, Honeywell International's own Dividend Payout Ratio has ranged from 0.33 to 0.57 over the past decade. While the company's 10-year median is 0.45 vs. the industry median of 0.37, Honeywell International has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Conglomerates company?

The median Dividend Payout Ratio among Conglomerates companies is 0.37, based on 307 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Honeywell International's current Dividend Payout Ratio of 0.49 is 32.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Honeywell International and its competitors. For the Conglomerates industry, the median Dividend Payout Ratio is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honeywell International's current Dividend Payout Ratio is 0.49, which is near median its own 10-year median of 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Honeywell International stock overvalued right now?

Based on GuruFocus' analysis, Honeywell International (HON) is currently considered Fairly Valued. The stock's GF Value™ is $220.48, compared to a current price of $227.80 — trading 3.3% above its estimated fair value. The current Dividend Payout Ratio is 0.49, which is near median its 10-year median of 0.45 and 32.4% above the Conglomerates industry median of 0.37. Honeywell International's overall GF Score™ is 71/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Honeywell International (HON), the current Dividend Payout Ratio is 0.49 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Honeywell International (HON) Overvalued in 2026?

Based on GuruFocus' analysis, Honeywell International stock appears to be overvalued. The current stock price of $227.80 is trading 3.3% above its estimated GF Value™ of $220.48. GuruFocus considers Honeywell International to be Fairly Valued.

Key valuation signals for HON:

Dividend Payout Ratio: 0.49 (near median its 10-year median of 0.45)
GF Value™: $220.48 vs. price of $227.80 (3.3% above fair value)
GF Score™: 71/100 with 7 warning signs
Industry Position: 32.4% above the Conglomerates median (#188 of 307)

No single metric tells the full story. See the HON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Honeywell International Business Description

Industry Industrials Conglomerates

Comparable Companies MMM VMI SEB OTTR TTI DLX AIAI MATW CODI FBYD ADX:IHC TSE:6501 TSE:8058 TSE:8001 TSE:8031 TSE:5803 TSE:8002 TSE:8053 HKSE:00267 MIL:PST

Other Exchanges HON:Mexico 1HON:Italy ALD:Germany HON:Canada HONB34:Brazil HON:Austria HON:Argentina

Address 855 South Mint Street, Charlotte, NC, USA, 28202

Website https://www.honeywell.com

Honeywell traces its roots to 1885 with Albert Butz's firm, Butz Thermo-Electric Regulator, which produced a predecessor to the modern thermostat. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies, industrial automation, energy and sustainability solutions, and building automation. Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving around one third of its revenue from recurring aftermarket services.

71GF Score

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$227.80

Price

$220.48

GF Value

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