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Home/News Feed/Honeywell's 27-year dividend growth and $38B backlog make it a strong 20-year hold despite recent pullback.
HON
$222.85
+$0.17 +0.08%

Honeywell's 27-year dividend growth and $38B backlog make it a strong 20-year hold despite recent pullback.

Market News
10 Jun 2026
24/7 Wall Street
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Bullish
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Honeywell offers a compelling long-term hold due to its diversified industrial portfolio, 27 years of uninterrupted dividend growth, and a strong $38 billion backlog signaling multi-year customer commitments. Despite a recent 10% price drop, its solid cash flow, pricing power, and resilience across market cycles support steady income and growth. The upcoming Aerospace spin-off in 2026 will create two focused leaders, with temporary cash flow impacts expected to normalize. Long-term investors benefit from reinvesting dividends and compounding returns over decades.

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The global hazardous area equipment market, valued at $13.5 billion in 2025, is projected to reach $25.28 billion by 2035, growing at a CAGR of 6.48%. Growth is fueled by stricter industrial safety regulations like ATEX and OSHA, and the adoption of ...

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