UTC Board of Directors Declares Quarterly Dividend and Authorizes Repurchase Program for 60 Million Shares

 UTC Board of Directors Declares Quarterly Dividend and Authorizes Repurchase
                        Program for 60 Million Shares

PR Newswire

HARTFORD, Conn., Feb. 4, 2013

HARTFORD, Conn., Feb. 4, 2013 /PRNewswire/ --United Technologies Corp.'s
(NYSE: UTX) Board of Directors today declared a dividend of 53.5 cents per
common share payable March 10 to shareowners of record at the close of
business Feb. 15. The ex-dividend date is Feb. 13. UTC has paid cash dividends
on its common stock every year since 1936.

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.

United Technologies Corp. is a diversified company that provides high
technology products and services to the aerospace and building industries
worldwide.

This release includes statements related to future business outlook and plans
for anticipated earnings, cash flow, dividends and share repurchases that
constitute "forward-looking statements" under the securities laws. All
forward-looking statements involve risks, uncertainties and assumptions that
may cause actual results to differ materially from those expressed or implied
in the forward-looking statements. Risks and uncertainties include, without
limitation, the effect of economic conditions in the markets in which we
operate, including financial market conditions, fluctuation in commodity
prices, interest rates and foreign currency exchange rates; future levels of
capital and research and development spending; levels of end market demand in
construction and in the aerospace industry; levels of air travel; financial
difficulties of commercial airlines; the financial condition of our customers
and suppliers; cost reduction efforts and restructuring costs; the scope,
nature or impact of acquisitions, dispositions, joint ventures and other
business arrangements, including integration of acquired businesses; the
development and production of new products and services; and the effect of
changes in laws and regulations and political conditions in countries in which
we operate and other factors beyond our control. The timing and amount of
repurchases will be determined based on the company's evaluation of market
conditions and other factors, including but not limited to the level of other
investing activities and uses of cash. The share repurchase program may be
suspended or discontinued at any time. For additional information identifying
risk factors and uncertainties, see our reports on Forms 10-K, 10-Q and 8-K
filed with the SEC from time to time, including, but not limited to, the
information included in UTC's Forms 10-K and 10-Q under the headings
"Business," "Risk Factors," "Management's Discussion and Analysis of Financial
Condition and Results of Operations" and "Legal Proceedings" and in the notes
to the financial statements included in UTC's Forms 10-K and 10-Q.

UTC-IR

Contact: Ian Race
 (860) 728-6515

SOURCE United Technologies Corp.

Website: http://www.utc.com
 
Press spacebar to pause and continue. Press esc to stop.