ITT Shares Unchanged After Company Raises Dividend by 10% to $0.11 Per Share
ITT Corporation (NYSE: ITT) announced today that it is increasing its dividend by 10 percent to 11 cents per share on the company's outstanding stock. The ITT Board of Directors has approved the cash dividend for the first quarter of 2014, which will be payable on April 1, 2014, to shareholders of record as of the close of business on March 14, 2014.
ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation and industrial markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. Founded in 1920, ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in a total of approximately 125 countries. The company generated 2013 revenues of $2.5 billion. For more information, visit www.itt.com.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.