Otis Worldwide Corporation
OTISOtis Worldwide Corporation (OTIS) is a leading manufacturer of elevators, escalators, and Moving walkways. Founded in 1853 and headquartered in Connecticut, Otis is recognized for pioneering elevator technology and maintaining a global presence with its extensive service network, providing mobility solutions for buildings and infrastructure worldwide.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| June 12, 2026 | $0.44 | 2026-05-15 | 2026-05-15 |
| March 13, 2026 | $0.42 | 2026-02-13 | 2026-02-13 |
| December 5, 2025 | $0.42 | 2025-11-14 | 2025-11-14 |
| September 5, 2025 | $0.42 | 2025-08-15 | 2025-08-15 |
| June 6, 2025 | $0.42 | 2025-05-16 | 2025-05-16 |
Dividends Summary
- Consistent Payer: Otis Worldwide Corporation has rewarded shareholders with 25 dividend payments over the past 6 years.
- Total Returned Value: Investors who held OTIS shares during this period received a total of $7.96 per share in dividend income.
- Latest Payout: The most recent dividend of $0.44/share was paid 36 days ago, on June 12, 2026.
- Yield & Schedule: OTIS currently pays dividends quarterly with an annual yield of 2.31%.
- Dividend Growth: Since 2020, the dividend payout has grown by 120.0%, from $0.20 to $0.44.
- Dividend Reliability: OTIS has maintained or increased its dividend for 25 consecutive payments.
Company News
Thailand's elevator and escalator market is projected to grow at a CAGR of 3.20% from 2025 to 2031, driven by urbanization and commercial infrastructure expansion. The market is dominated by established players like Otis, KONE, and Mitsubishi, which collectively hold over 75% market share, though Chinese manufacturers are gaining ground. Despite ...
Saudi Arabia's elevator and escalator market is projected to grow at a CAGR of 3.73% from 2025 to 2031, driven by urbanization, infrastructure projects like Neom, and rising tourism. However, the market faces headwinds from skilled labor shortages and rising construction costs. Top vendors Otis, KONE, and Schindler collectively control approximat...
Vertiv (VRT), a leader in data center power and thermal infrastructure for AI, has surged 300% in 12 months with a massive $15 billion backlog and improving unit economics. However, the stock trades at a 50.9x forward P/E multiple with only a 1.9% FCF yield, leaving minimal margin of safety despite strong fundamentals and growth prospects. The va...
Otis Worldwide Corporation announced a 5% increase in its quarterly dividend to $0.44 per share, payable on June 12, 2026. CEO Judy Marks attributed the increase to the strength of the company's service-driven business and strong cash flows, noting that the dividend has grown approximately 120% since the company's 2020 spin-off.
Otis Worldwide Corporation announced a quarterly dividend of $0.42 per share, payable on March 13, 2026, to shareholders of record as of February 13, 2026. The global elevator and escalator manufacturer serves 2.5 billion people daily through its 2.5 million customer units worldwide.
