HARTFORD, Conn., Oct. 8 /PRNewswire-FirstCall/ -- United Technologies
Corp. (NYSE: UTX) Board of Directors today approved a 20.3 percent
quarterly dividend increase to 38.5 cents per common share. The dividend is
payable Dec. 10 to shareowners of record at the close of business Nov. 14.
The ex-dividend date is Nov. 12.
"In today's tough economic environment, UTC's balanced portfolio,
global footprint, and seasoned executive team continue to deliver solid
results," said President and Chief Executive Officer Louis Chenevert. "This
dividend increase, consistent with our pattern over many years, reflects
our confidence in sustained earnings growth. UTC's liquidity and free cash
flow remain strong."
UTC has paid cash dividends on its common stock for 72 consecutive
years dating to 1936.
Based in Hartford, Connecticut, UTC is a diversified company that
provides high technology products and services to the aerospace and
building industries worldwide.
This release includes "forward-looking statements" concerning expected
earnings and cash flow. These matters are subject to risks and
uncertainties. Important factors that could cause actual results to differ
materially from those anticipated or implied in forward looking statements
include the health of the global economy; strength of end market demand in
residential and building construction and in both the commercial and
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
(860) 728-7062
SOURCE United Technologies Corp.
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Related links:
http://www.utc.com
http://www.prnewswire.com/comp/913919.html/
CONTACT:
John Moran of United Technologies Corp.,
+1-860-728-7062
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