United Technologies (UTX) Raises Quarterly Dividend 6.1% to $0.7; 2.3% Yield

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Go back to United Technologies (UTX) Raises Quarterly Dividend 6.1% to $0.7; 2.3% Yield

UTC Board of Directors Increases Dividend

June 14, 2017 5:24 PM EDT

FARMINGTON, Conn., June 14, 2017 /PRNewswire/ -- The United Technologies Corp.'s (NYSE: UTX) Board of Directors today declared, effective July 5, 2017, a dividend of 70 cents per outstanding share of common stock, which represents a 6.1 percent increase over the prior quarter's dividend amount.  The dividend will be payable September 10, 2017, to shareowners of record at the close of business August 18.

"Today's announcement to increase our dividend reflects our ongoing commitment to remain disciplined in our capital allocation and deliver value to shareowners through our long-term growth strategy" said UTC Chairman and Chief... More