Honeywell (NASDAQ: HON) is a technology and manufacturing conglomerate with a long history of delivering innovative products and services to a wide range of industries. The company's stock has been a solid performer in recent years, handily surpassing the returns of the Dow Jones Industrial Average over the past three-, five-, and 10-year periods, thanks in part to its strong pricing power, expanding profit margins, and diversified business portfolio.

As much as Honeywell investors have benefited from its strong capital appreciation over the years, they haven't fared all that badly with its dividend policy, either. Honeywell has made a dividend payment for 61 years while increasing the payout for 13 consecutive years. 

Although the dividend has jumped by more than 11% annually on average for the past decade, in more recent periods since the start of the pandemic the payout has been raised by lower percentages, though it still yields a respectable 1.9% annually. Here's why this conglomerate deserves to be on your buy list.

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Source Fool.com