United Technologies (UTX) will raise its quarterly dividend by 10.1 percent to $0.59 per share in the fourth quarter of 2013. Last year UTX hiked its dividend from $0.48 to $0.535 per share quarterly.
The increased dividend will be payable December 10, 2013, to UTX shareowners of record at the close of business November 15, 2013. The ex-date for this next dividend of 64 cents per share is November 13, 2013.
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.