Wednesday, October 9, 2013
Dividend Increase: UTX
United Technologies (UTX) is increasing its quarterly dividend by 10.1%, from $0.535 to $0.589 per share, putting the company on track for its 20th consecutive year of dividend growth (news release). Given that I own 25 shares of UTX, my quarterly dividend increases from $13.38 to $14.73 and my yield on cost becomes 3.30%. The extra $5.40 in annual dividend income raises my forward 12-month dividend total to $2,904. Thus far this year, there have been dividend increases for 28 of the 31 stocks in my portfolio.