United Technologies Announces 60M Share Buyback Plan, Declares $0.535/Share Qtr. Dividend

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

27% profits every 20 days?

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