UTC Board of Directors Increases Dividend 10 Percent
HARTFORD, Conn., Oct. 9, 2013
HARTFORD, Conn., Oct. 9, 2013 /PRNewswire/ --United Technologies Corp. (NYSE:
UTX) Board of Directors today declared a 10 percent increase in its fourth
quarter dividend to 58.9 cents per common share. The dividend will be payable
Dec. 10 to shareowners of record at the close of business Nov. 15. The
ex-dividend date will be Nov. 13.
"Strong cash generation is a hallmark of UTC, and we are pleased to extend our
long track record of dividend increases," said UTC Chairman & Chief Executive
Officer Louis Chenevert. "This increase reflects confidence in our portfolio,
our strategy and our leadership team to grow earnings over the long term."
UTC has paid cash dividends on its common stock every year since 1936.
United Technologies, based in Hartford, Conn., is a diversified company
providing high technology products and services to the building and aerospace
industries. For more information about the company, visit our website at
www.utc.comor 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 commodity prices, interest rates,
foreign currency exchange 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 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. 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.
Contact: John Moran
SOURCE United Technologies Corp.
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