Topic: How To Invest

Dividend Advisor Hotline – Friday, November 30, 2018

Article Excerpt

UNITED TECHNOLOGIES CORP., $121.84, New York symbol UTX,will raise its quarterly dividend by 5.0% with the December 2018 payment. Investors will then receive $0.735 a share instead of $0.70. The new annual rate of $2.94 yields 2.3%. The company has now completed its acquisition of Rockwell Collins Inc. (New York symbol COL). United Technologies paid $30 billion in cash and stock for the leading maker of aircraft components such as cabin interiors, computerized flight controls and air-to-ground communications equipment. The purchase gives the company more clout with big aircraft makers. To secure approval in the U.S. and other countries for the takeover, it will sell some of Rockwell Collins’ smaller businesses. United Technologies now plans to spin off its Otis (elevators) and Carrier (heating and air conditioning) operations as two separate companies. The remaining firm will focus on Pratt & Whitney jet engines and other aerospace products. Investors are not liable for capital gains taxes on their new shares until they sell them. The company…

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