FARMINGTON, Conn., June 14, 2017 /PRNewswire/ -- The United
Technologies Corp.'s (NYSE: UTX) Board of Directors today declared,
effective July 5, 2017, a dividend of
70 cents per outstanding share of
common stock, which represents a 6.1 percent increase over the
prior quarter's dividend amount. The dividend will be payable
September 10, 2017, to shareowners of
record at the close of business August
18.
"Today's announcement to increase our dividend reflects our
ongoing commitment to remain disciplined in our capital allocation
and deliver value to shareowners through our long-term growth
strategy" said UTC Chairman and Chief Executive Officer
Greg Hayes.
UTC has paid cash dividends on its common stock every year since
1936.
United Technologies Corp., based in Farmington,
Connecticut, provides
high-technology systems and services to the building and aerospace
industries. By combining a passion for science with precision
engineering, the company is creating smart, sustainable solutions
the world needs. For more information about the company, visit our
website at www.utc.com or on Twitter @UTC.
This release includes statements related to anticipated
earnings, cash flow and dividends 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. Past dividends provide
no assurance as to future dividends. The payment and amount
of future dividends could vary significantly from past amounts due
to a number of risks and uncertainties. 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;
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; challenges in 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. 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.
UTC-IR
Contact: Maureen
Fitzgerald
(860) 728-7907
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SOURCE United Technologies Corp.