FARMINGTON, Conn., Oct. 10, 2018 /PRNewswire/ -- United
Technologies Corp.'s (NYSE: UTX) Board of Directors today declared
a dividend of 73.5 cents per share on the outstanding
shares of UTC's common stock, which represents a 5 percent increase
over the prior quarter's dividend amount. The dividend will
be payable December 10, 2018, to shareowners of record at the
close of business on November 16,
2018.
"The increase in our dividend reflects our ongoing commitment to
remain disciplined in our capital allocation and deliver value to
shareowners," said Gregory J. Hayes,
Chairman and Chief Executive Officer of United Technologies.
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:
Media Inquiries,
UTC
(860)
493-4149
Investor Relations,
UTC
(860) 728-7608
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SOURCE United Technologies Corp.