United Technologies: Dividend Raised 20%

United Technologies (UTX) announced it will increase its quarterly dividend to $0.38.5 per share versus $0.32 per share in the same period last year. The projected payout ratio is 28% based on 2009 estimated earnings of $5.42. This payout compares to the company's 5-year average payout of 26%.

 

The company carries an A+ S&P Quality Ranking score.

 

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Comments

[Ed O in PA:]

Can we start rumors about UTX purchase of HON? That question gets asked about every year or so.

2008 Oct 12 09:03 AM

[Jimmy Lathrop:]

This article sounds great, and I will be sure to buy UTX . . . in a couple of months, when the hedge funds stop selling it off and the P/E is in the single digits.

2008 Oct 12 10:32 AM