5 Best Innovative Stocks that Pay Dividends

Page 1 of 5

In this article, we discuss 5 best innovative stocks that pay dividends. If you want to read our detailed analysis of innovative stocks and their need in today’s world, go directly to read 10 Best Innovative Stocks that Pay Dividends

5. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 58

Honeywell International Inc. (NASDAQ:HON) is a North Carolina-based multinational conglomerate. The company invented the thermostatic expansion valve (TXV), which is used in refrigeration and air conditioning systems. The TXV regulates the flow of refrigerant and helps maintain proper temperature and pressure, improving the efficiency of cooling systems.

Honeywell International Inc. (NASDAQ:HON) pays a quarterly dividend of $1.03 per share and has a dividend yield of 2.00% as of July 14. The company has raised its dividends consistently for the past 13 years, which makes it one of the best innovative stocks that pay dividends.

Honeywell International Inc. (NASDAQ:HON) was a popular buy among hedge funds in Q1 2023 as 58 elite funds in Insider Monkey’s database owned stakes in the company, up from 44 in the previous quarter. These stakes have a total value of over $2.25 billion.

Follow Honeywell International Inc (NYSE:-)

Page 1 of 5