United Technologies Corporation (UTC) (Ticker: UTX) is an industrial conglomerate with operations spread across military technology, escalator and elevator manufacturing, climate control, in addition to security services.
UTC has been providing investors with steady returns for more than 75 years, and the company is considered a “Dividend Achiever” for consistently raising dividends for over a decade – 17 years to be exact. We will look at the company’s ability to sustain its dividends as it faces uncertainties in the near future.
Even though the company is well diversified across multiple industries, some of UTC’s business units and subsidiaries are facing an uncertain future. The Otis Elevator Company and UTC Climate, Controls & Security, for example, currently have a large exposure to China as well as other emerging markets. A slowdown in those segments could considerably hurt UTC’s segment revenues.
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