Thursday, June 14, 2007

United Technologies Increases Dividend 18.5%

Yesterday, United Technologies (UTX) announced an 18.5% increase in the company's quarterly cash dividend to 32 cents per share versus 27 cents per share in the same period last year. The company's 5-year historical dividend growth rate is approximately 22%. The payout ratio on 2007 estimated earnings of $4.18 is approximately 31%.

(click on table/chart for larger image)

United Technologies dividend table. June 14, 2007
United Technologies stock chart. June 14, 2007

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