Dividend Increase: UTX

United Technologies (UTX) is increasing its quarterly dividend by 11.5%, from $0.48 to $0.535 per share, putting the company on track for its 19th consecutive year of dividend growth. Given that I own 25 shares of UTX, my quarterly dividend increases from $12.00 to $13.37, which will add an extra $5.48 to my annual dividend income. This dividend increase also boosts my yield on cost to 3.00%. Thus far this year, there have been dividend increases for 14 of the 22 dividend growth stocks in my portfolio.