United Technologies: Dividend Growth Analysis
Published Jan 5, 2012 on Seeking Alpha

United Technologies (UTX) is a high quality dividend growth stock for investors. The company offers high technology products and services on a global platform to the building systems and aerospace industries. United Technologies has increased its dividend for 17 consecutive years. Management has successfully built out each business unit and the dividend is sustained by significant free cash flow. This is a diversified blue chip holding for investors seeking safety and dividend growth. Background Unlike some of its peers, United Technologies is far more diversified with a global reach that reduces the influence of any one market or macro event on its overall performance. United Technologies has six primary business units: Carrier HVAC, Hamilton Sundstrand, Otis Elevators, Pratt Whitney, Sikorsky helicopters, and UTC Fire & Security. United Technologies keeps its U.S. revenue exposure to below 40%. Only 15% of United Technologies' U.S. revenue exposure is defense-related. More than 30% of... Read more