Otis Announces 8 Percent Increase in Quarterly Dividend to $0.42 per Share | OTIS Stock News

1 day ago

Otis Worldwide (OTIS, Financial) announces 8% increase in quarterly dividend to $0.42 per share.
The dividend is payable on June 6, 2025, to shareholders recorded by May 16, 2025.
The dividend has grown approximately 110% since the company's 2020 spin-off.

Otis Worldwide Corporation (OTIS) has declared an 8% increase in its quarterly dividend, raising it to $0.42 per share. This marks the fifth consecutive year of increases, underscoring Otis' dedication to shareholder value through disciplined capital allocation.

The dividend will be distributed on June 6, 2025, to shareholders of record as of May 16, 2025. CEO Judy Marks highlighted that Otis' dividend has risen by roughly 110% since its spin-off in 2020, attributing this growth to the company's robust Service-driven business model.

As a global leader in the elevator and escalator industry, Otis facilitates the movement of 2.4 billion people daily and maintains approximately 2.4 million customer units across the globe, the largest service portfolio in the sector.

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