Is the break up the end of dividends?
I am expecting a pretty brutal rebalance as we exit the Dow and fixed income funds dump the stock.
3 replies (most recent on top)
honeywell aero --- no dividend
honeywell technologies -- dividend, but lower
wrong. dividend will not be paid post separation.
no more dividends and goodbye stodgy retirement fund shareholders.
The reverse split is designed to adjust Honeywell's share structure to counterbalance the value being separated into the new Aerospace spinoff. Following the split, the total outstanding shares will be reduced from roughly 634 million to approximately 317 million, and the authorized shares will be lowered from 2 billion to 1 billion. Dividend cut in half.