United Technologies Corp. (UTX) said Monday that its Board of Directors has approved a 10.4% increase in its first quarter dividend to $0.425 per share. The dividend is payable March 10 to shareowners of record at the close of business February 19. The ex-dividend date is Febuary 17.
United Technologies CEO Louis Chenevert said. "This dividend increase demonstrates our confidence in UTC's financial strength and in our ability to continue to deliver outstanding performance in 2010 and beyond."
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