Today UTC announced a dividend increase by the rather odd amount of 58.9 cents per quarter. That correspponds exactly to a 10% increase, indicative of UTC's intent to increase the dividend by "double digits" every five quarters.
UTX dividend history shows a dividend increase every 6 quarters and stock splits when UTX holds above $100. for an extended period. This pattern has some exceptions, but the pattern is pretty consistent. A yearly increase has more juice than an increase every 1 1/2 years. .....Kid
Kid- The last time UTC mentioned the div., they said they would "continue raising it every 5 qtrs as in the past". I went and looked and from what I see, it is every 5. As far as the split, with the stock where it is, I am betting that if we do not get a major correction and UTX goes up 12-15% in 2014, we will probably see a split in 2014. With a div increase in Dec and then a share price increase of 12-15% it is the perfect storm (I hope).
Nothing will stall the dividend increase. They said they would and their credibility will be jeopardized if they don't. I am betting on at least 12%. In the meantime, if this market drop continues, an opportunity may be afforded to those who missed buying in a few months ago. In the last few days, there have been some articles on UTX about its dependability to deliver to stockholders. I like that.