Topic: How To Invest

Dividend Advisor Hotline – Friday, June 23, 2017

Article Excerpt

UNITED TECHNOLOGIES CORP., $122.22, New York symbol UTX, has four main businesses: Climate, Controls & Security makes heating/air conditioning systems and building alarms; Otis makes elevators; Aerospace Systems manufactures aircraft parts; and Pratt & Whitney develops and sells jet engines. The company will raise its quarterly dividend by 6.1%. Starting with the September 2017 payment, investors will receive $0.70 a share, up from $0.66. The new annual rate of $2.80 yields 2.3%. In 2017, United Technologies expects to earn between $6.30 and $6.60 a share. The stock trades at a reasonable 18.9 times the midpoint of that range. The dividend has grown an average of 5.5% annually over the last 5 years. The company’s TSI Dividend Sustainability Rating is Above Average. OUR RECOMMENDATION: United Technologies is still a buy. United Technologies recent coverage May 2017 issue Hotline for January 27, 2017 AGRIUM INC., $122.39, Toronto symbol AGU, is the largest crop nutrient company in the world. It sells seeds, fertilizers and other agricultural products to farmers through…