United Technologies (UTX) Raises Quarterly Dividend 8.5% to $0.64; 2.2% Yield

Dow component United Technologies (NYSE: UTX) declared a quarterly dividend of $0.64 per share, or $2.56 annualized. This is an 8.5% increase from the prior dividend of $0.59. The dividend will be payable on March 10, 2015, to stockholders of record on February 13, 2015, with an ex-dividend date of February 11, 2015. The annual yield on the dividend is 2.2 percent.

"We are pleased to extend UTC's long track record of paying increasing dividends to our shareholders," said UTC President & Chief Executive Officer Gregory Hayes. "Today's increase reflects the continued momentum in our businesses and our confidence that UTC is positioned to deliver solid cash flow in 2015 and beyond."

UTC has paid cash dividends on its common stock every year since 1936.

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

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