Honeywell announced a dividend of $0.90/share. Given that there are 707M shares outstanding, that is $636M paid to shareholders. Great news for investors.
11 replies (most recent on top)
I bet Honeywell management is saying that the furlough can’t affect commitments.
Maintain those due dates with less pay and no raise.
That’s vicious. Canceling raises then maintaining dividend. Ouch.
Great news for investors!
1mem - Each week of furlough is a 2% reduction in salary, not a 2% reduction in force.
@1ama do share where you landed, where the grass is greener.
As a bitter-ex....wow. Just wow. Not surprised at all but it’s still shocking for some reason to see that it will never change. So thankful I left that sewer. Plus it would’ve taken me 6.5 years at HW to make what I’ve made in the last 3 so there’s that... Good riddance, thank you for being so selfish and disgusting, and to everyone still there...run!
To pay the next dividend there will be another 4 weeks of furlough. Each week of furlough is the same as a 2% reduction in force.
If not ALL employees were furloughed, then the dividend could have been cut by less than half for the same savings.
@cmh Yes, but the name of the game is to increase the dividend year over year, as well as stock price appreciation. Shareholders, CEO and Board members, are all at the top of the food chain. Non executive employees (the most valued asset, or so we are told) are right at the bottom.
Except for the fact that ALL employees weren’t furloughed, just a fraction. So your calculation is wrong.
ROFLMAO
I had a similar calculation!!!
According to Bloomberg News, the average Honeywell pay is $69K/year. Furloughing everyone (110,0000 employees) for 2 weeks saved the company $303M. Honeywell could have not furloughed anyone, just cut the dividend in half and saved more money.