Dividend Increase – UTX

ID-100130817-300x200 Dividend Increase - UTXWOW, Three divided increase in one day! When can you say you got three pay increase in one day from your job?

United Technologies Corporation (UTX) just declared $0.70 quarterly dividend. This is an increase of 6.1% from $0.66.

I own 29 shares, so this will increase my annual dividend income by $4.64 to $3,761.42

I updated both my Passive Income page as well as my Portfolio page to reflect the changes.

My Thoughts:

I am very happy with my holding of UTX and do not plan to add more shares anytime soon unless there is a big drop in price. I have been doing very well with this holding as I am up 39.5%. 

I am very happy with this increase as well! Last year they increased it by 3.1% and the year before 8.47%.

I find the stock to be fair to slight overvalued and I would recommend a Hold.

Thanks for reading, and don’t forget to follow me:

feedly-follow-rectangle-flat-small_2x Dividend Increase - UTX      

Do you own UTX? Happy about the dividend increase?

Image by ddpavumba at FreeDigitalPhotos.net

Comments

  1. Hi Felix,

    You have a great portfolio started there. I own a lot of the same names. I noticed you don’t have any fractional shares, do you not DRIP or are you collecting the dividends and selectively reinvesting? I’m doing sort of a combination right now.

    I also see you have a rental property. Congrats on having multiple income streams. You are off to an amazing start. I’ll be sure and following your journey.

    Take care

    • Hi Brent, thanks for the comment and for stopping by. I’m glad that you will continue to follow.
      🙂

      I’m using scottrade FRIP problem to buy shares. Using the program only allow full shares to be bought.

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