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United Technologies (UTX) Raises Dividend 11.5% and 7 Other Increases

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June 18, 2012 – Comments (0) | RELATED TICKERS: CAT , TGT , UTX

United Technologies Corporation (UTX) provides technology products and services to the building systems and aerospace industries worldwide. June 13th the company increased its quarterly dividend 11.5% to $0.535 cents per share. The dividend is payable Sept. 10 to shareowners of record at the close of business Aug. 17. The ex-dividend date is Aug. 15. The yield based on the new payout is 2.9%.

Below are several other companies increasing their cash dividends during the last week:

DTE Energy Company (DTE) operates as an electric and natural gas utility company in Michigan. June 14th the company increased its quarterly dividend 5.5% to $0.62 per share. The dividend is payable Oct. 15, 2012, to shareholders of record at the close of business Sept. 17, 2012. The yield based on the new payout is 4.2%.

Caterpillar Inc. (CAT) manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. June 13th the company increased its quarterly dividend 13% to $0.52 per share. The dividend is payable August 20, 2012, to stockholders of record at the close of business, July 20, 2012. The yield based on the new payout is 2.4%.

Target Corp. (TGT) operates about 1,500 Target and 250 SuperTarget general merchandise stores across the U.S. June 13th the company increased its quarterly dividend 20% to $0.36 per share. The dividend is payable September 10, 2012 to shareholders of record at the close of business August 15, 2012. The yield based on the new payout is 2.5%.

Alexandria Real Estate Equities, Inc. (ARE) engages in the ownership, operation, management, development, acquisition, and redevelopment of properties for the life sciences industry. June 12th the company increased its quarterly dividend 4% to $0.51 per share. The dividend is payable on July 16 to shareholders of record on June 29. The yield based on the new payout is 2.9%.

Colony Financial, Inc. (CLNY) operates as a real estate finance and investment company that focuses primarily on acquiring, originating, and managing commercial mortgage loans, and other commercial real estate-related debt investments. June 11th the company increased its quarterly dividend 3% to $0.35 per share for the second quarter of 2012. The dividend is payable on July 16, 2012, to stockholders of record on June 29, 2012. The yield based on the new payout is 8.2%.

Stage Stores, Inc. (SSI) operates department stores and off-price stores in the United States. June 1th the company increased its quarterly dividend $0.10 per share. The new quarterly rate will be applicable to dividends declared by the Board after June 20, 2012. The yield based on the new payout is 2.4%.

Rockwell Automation, Inc. (ROK) provides industrial automation power, control, and information solutions. June 8th the company increased its quarterly dividend 11% to $0.47 per share. The dividend is payable on Sept. 10, 2012 to shareholders of record at the close of business on Aug. 13, 2012. The yield based on the new payout is 2.7%.

Selecting stocks with increasing dividends is critical for an income growth strategy. The above list contains stocks that recently raised their dividends; it is not a list of recommend buys. As always, due diligence should be performed before buying or selling any stock. For a list of stocks with a long string of consecutive cash dividend increases, see this list.

Full Disclosure: Long UTX. See a list of all my dividend growth holdings here.

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