Dow Component United Technologies (UTX) To Go Ex-dividend Tomorrow

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Dow Jones Industrial Average ( ^DJI) is trading down 50.0 points (-0.3%) at 15,369 as of Tuesday, Aug 13, 2013, 10:35 a.m. ET. During this time, 105.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 567.7 million. The NYSE advances/declines ratio sits at 737 issues advancing vs. 2,111 declining with 121 unchanged.
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Wednesday, August 14, 2013 is the ex-dividend date for Dow component United Technologies (NYSE: UTX). Owners of shares as of market close today will be eligible for a dividend of 54 cents per share. At a price of $105.62 as of 10:36 a.m. ET, the dividend yield is 2% compared to the average Dow component yield of 2.6%.

The average volume for United Technologies has been 3.3 million shares per day over the past 30 days. United Technologies has a market cap of $96.91 billion and is part of the industrial goods sector and industrial industry. Shares are up 28.7% year to date as of Monday's close.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company has a P/E ratio of 19.2, equal to the average industrial industry P/E ratio.
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TheStreet Ratings rates United Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

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