A Good Dividend Stock Just Got Better

When I heard that United Technologies (NYSE: UTX) purchased Goodrich, I felt a wave of nostalgia for my own personal good old days, as well as a wave of excitement for the growth potential I think this purchase will bring to an already reliable dividend stock. Love at first flightUnited Technologies is an industrial powerhouse whose product reach is far and wide. Its stable of brands on the civilian side include well-known companies Otis Elevator and Carrier, with industry stalwarts Pratt & Whitney and Sikorsky on the defense and aerospace side.Keen on increasing its exposure to the commercial aerospace sector, United Technologies had been shopping around for an acquisition for more than a year, flirting with Rockwell Collins (NYSE: COL) and even some European companies. But it's Goodrich that finally won the company's heart, and for good reason.Any landing you can walk away from is a good oneGoodrich supplies aerospace components, systems, and services to aircraft companies in the U.S. and around the world, and it's very good at it.Deafened by the deployment of the thrust reversers on your last flight? You can thank Goodrich for stopping your jet before it ran off the end of the runway. Happy the landing gear extended and stayed extended? (It doesn't always.) Again, you can thank Goodrich for that.... Read more