United Technologies (UTX) will raise its quarterly dividend by 11.5 percent to $0.535 per share in the third quarter of 2012. This marks the third consecutive year of double digit dividend increases by the industrial company.

The increased dividend will be payable September 10, 2012, to UTX shareowners of record at the close of business August 17, 2012. The ex-date for this next dividend of 53.5 cents per share is August 15, 2012.

United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. UTC has paid cash dividends on its common stock every year since 1936.