United Technologies Corp.'s
UTX Board of Directors today declared a dividend of 53.5 cents per
common share payable March 10 to shareowners of record at the close of
business Feb. 15. The ex-dividend date is Feb. 13. UTC has paid cash dividends
on its common stock every year since 1936.
The Board also authorized a share repurchase program for up to 60 million
shares of the company's common stock worth approximately $5.4 billion at
current prices. The new authorization replaces a previous program, approved in
March 2010, which was nearing completion. The company continues to expect 2013
repurchases to total approximately $1.0 billion.
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