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
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SOURCE United Technologies Corp.