Or maybe a better question would be: Will it ever end? Restructures are, of course a necessary part of any business, but I tend to think that it’s very dangerous when you make constant restructures a part of the company culture. Are we really going down that road, or is there at least a little light at the end of the tunnel?
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- 1pho: The ONLY reason to increase dividend payout is to entice investors into buying their company stock. If a good growth company (i.e., not Honeywell) made good products people actually wanted to buy, then no need to pay out dividends (think early Apple, growth company)
Also, stock buy back helps support stock prices, that is, less available stocks to purchase then justification for healthier stock prices (simple supply & demand)
Dividend increases are what Wall Street wants. WS doesn't care about the company or people, just cash. This is late stage action. So are buybacks. If Honeywell wanted to make more or better parts because that was a better way to more cash, early stage action, if they saw markets expanding and were trying to gain more share, cash would go back into the business to grow rather than dividends and buybacks. Accountants and bankers don't like parts, they only know cash.
1pho: that dividend hike is peanuts to us when we mandated to work 15% free OT. Pay raises are 2% or less. Company threw 1.9B in stock buybacks in 2nd qtr.
STFU - Didn't you read the announcement about Honeywell’s board of directors approving 10% or 32 cents per share hike in the annual dividend rate to $3.60 per share from $3.28. On a quarterly basis, the dividend increased to 90 cents from 82 cents per share. The company will commence paying the revised quarterly dividend of 90 cents from the fourth quarter (scheduled to be paid out on Dec 6, 2019) to shareholders on record as of Nov 15.
Notably, this hike marks the company’s 10th double digit increment in dividend rate since 2010. We believe that such shareholder-friendly policies of the company reflect a strong cash position.
Honeywell pays big bucks to the CEO just to receive a standard playbook idea. Time to but D on a PIP.
New leader new org structure. In my command chain from my boss all the way to honeywell CEO there isn’t a single person who has been in the job for 3 years.
Restructuring is a year two idea for most executives.
New CEO in April of 2018. Resideo spin off in November 2018.. year two.