CEDAR RAPIDS, Iowa (April 18, 2012) - The Board of Directors of Rockwell Collins (NYSE: COL) has declared a quarterly dividend increase from 24 cents to 30 cents per share on its common stock, representing a 25% increase. The dividend is payable June 4, 2012, to shareholders of record at the close of business on May 14, 2012.
"The increase in our quarterly dividend rate reflects Rockwell Collins' ongoing commitment to return value to our shareowners, and demonstrates the confidence we have in our ability to generate strong earnings and operating cash flow," said Patrick Allen, senior vice president and chief financial officer of Rockwell Collins.
Rockwell Collins is a pioneer in the development and deployment of innovative communication and aviation electronic solutions for both commercial and government applications. Our expertise in flight deck avionics, cabin electronics, mission communications, information management, and simulation and training is delivered by 20,000 employees, and a global service and support network that crosses 27 countries. To find out more, please visit www.rockwellcollins.com.