Honeywell Board of Directors Declares Spin-Off Dividend of Resideo Shares, Senior Notes Offered
Honeywell announced that its board of directors has declared a pro rata dividend of Resideo Technologies Inc. common stock, to be made effective at 12:01 a.m. EDT on October 29, 2018, to Honeywell’s shareowners of record as of 5:00 p.m. EDT on October 16, 2018, the record date.
Each Honeywell shareowner of record will receive a distribution of one share of Resideo common stock for every six shares of common stock, par value $1.00 per share, of Honeywell that it holds on the record date. The distribution is subject to certain conditions.