United Tech (UTX) Declares $0.535 Quarterly Dividend; 2.4% Yield; Approves 60M Buyback

February 4, 2013 8:58 AM EST
United Technologies Corp. (NYSE: UTX) declared a quarterly dividend of $0.535 per share, or $2.14 annualized.

The dividend will be payable on March 10, 2013, to stockholders of record on February 15, 2013, with an ex-dividend date of February 13, 2013.

The annual yield on the dividend is 2.4 percent.

The Board also authorized a share repurchase program for up to 60 million shares of the company's common stock worth approximately $5.4 billion at current prices. The new authorization replaces a previous program, approved in March 2010, which was nearing completion. The company continues to expect 2013 repurchases to total approximately $1.0 billion.

For a dividend history and other dividend-related data on United Technologies Corp. (UTX) click here.

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