United Technologies Keeps Dividend Steady

United Technologies (UTX: 71.33 -0.99%) announced today that they are maintaining their quarterly dividend at $.385 per share.

The current dividend yield now stands at 3.5%.

The company emphasized in a press release that United Technologies has now paid cash dividends on its common stock for 73 consecutive years dating back to 1936.

The dividend is payable on June 10, 2009 to shareholders of record as of May 15, 2009.

United Technologies has seen its stock slide 17% since the beginning of the year, having underperformed the 11% drop in the Dow Jones index.