United Technologies Corp. (UTX) Increases Dividend 10.4%
By Daniel James Hayden IV
February 08, 2010 12:53 PM
February 08, 2010 12:53 PM
United Technologies Corp. (NYSE: UTX) reported on Monday that it would increase its quarterly dividend by 10.4% to 42.5 cents per share.
"Despite weakness in the global economy, our focus on structural cost reduction, effective cash redeployment, and portfolio transformation has made UTC a stronger company than we were a year ago," said Chairman and Chief Executive Louis Chenevert.
United Technologies Corp. will pay the dividend on March 10 to all shareholders of record from February 19.
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