United Technologies (UTX) will raise its quarterly dividend by 3.1 percent to $0.66 per share in 2016. This follows a dividend hike of 8.5 percent to 64 cents per share quarterly last year.
The increased dividend will be payable June 10, 2016, to UTX shareowners of record at the close of business May 20, 2016. The ex-date for the first 66 cent per share quarterly dividend is May 18.
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.