Utc Increases Dividend 80 Per Cent
The dividend is payable March 10, 2005, to shareowners of record at the close of business on February 18. “UTC’s exceptionally strong cash flow has allowed us to increase the dividend 80 percent since 2002,” said Chairman and Chief Executive Officer George David. “The board’s action today also affirms our confidence in sustained earnings growth and cash flow performance.” UTC has paid cash dividends on its common stock for 69 consecutive years dating to December 1936. Based in Hartford, Conn., UTC is a diversified company that provides high technology products and services to the aerospace and commercial building industries worldwide.