New Dividend: 53.5 cents quarterly (per share) Dividend Percent Increase: 11.5% Current Yield: 2.57% First up is United Technologies ( UTX), a $68 billion manufacturing conglomerate that announced an 11.5% dividend increase on Wednesday, ratcheting the firm's payout to 53.5 cents per quarter -- a 2.57% dividend yield at current price levels. UTX owns a diverse portfolio of brands that ranges from Carrier air conditioners to Sikorsky helicopters, positioning that benefits the firm when capital spending is high. Despite cyclical headwinds, UTX has still managed to grow revenue in each of the last three years. UTX's dividend hike wasn't a complete surprise -- it was one of the industrial stocks I expected to hike payouts earlier this month. Still, the announcement is a welcome addition for shareholders who are looking for bigger income checks. As of the most recently reported period, UTX was one of the top holdings at Daniel Loeb's Third Point.