UTC Board Of Directors Increases Dividend 8.5 Percent
HARTFORD, Conn., Feb. 2, 2015 /PRNewswire/ -- United Technologies Corp. (NYSE: UTX) Board of Directors today declared an 8.5 percent increase in its first quarter dividend to 64 cents per common share. The dividend will be payable March 10 to shareowners of record at the close of business Feb. 13. The ex-dividend date will be Feb. 11.
"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.
United Technologies, based in Hartford, Connecticut, provides high technology products and services to the building and aerospace industries. For more information about the company, visit our website at www.utc.com or follow us on Twitter: @UTC.
This release, including the linked chart, includes "forward-looking statements" concerning expected earnings, cash flow and dividends. These matters are subject to risks and uncertainties. Important factors that could cause actual results and dividends to differ materially from those anticipated or implied in forward looking statements include deterioration in global economic conditions; declines in end market demand in residential and building construction; declines in demand in either the commercial or defense segments of the aerospace industry; fluctuation in foreign currency exchange rates, commodity prices, interest rates, and the impact of weather conditions; and company-specific factors including the availability and impact of acquisitions; the rate and ability to effectively integrate these acquired businesses; the impact of divestitures; the ability to achieve cost reductions at planned levels; challenges in the design, development, production and support of advanced technologies and new products and services; delays and disruption in delivery of materials and services from suppliers; labor disputes; and the outcome of legal proceedings, investigations and other contingencies. For information identifying other important economic, political, regulatory, legal, technological, competitive and other uncertainties, see UTC's SEC filings as submitted from time to time, including but not limited to, the information included in UTC's 10-K and 10-Q Reports under the headings "Business," "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Cautionary Note Concerning Factors that May Affect Future Results," as well as the information included in UTC's Current Reports on Form 8-K.
UTC-IR
Contact: Danielle Canzanella
(860) 728-6238
Photo - http://photos.prnewswire.com/prnh/20150202/172897-INFO
SOURCE United Technologies Corp.
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