Otis Worldwide Corporation (OTIS)
Otis 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 |
|---|---|---|---|
| September 5, 2025 | $0.42 | 2025-08-15 | 2025-08-15 |
| June 6, 2025 | $0.42 | 2025-05-16 | 2025-05-16 |
| March 7, 2025 | $0.39 | 2025-02-14 | 2025-02-14 |
| December 6, 2024 | $0.39 | 2024-11-15 | 2024-11-15 |
| September 6, 2024 | $0.39 | 2024-08-16 | 2024-08-16 |
Dividends Summary
- Otis Worldwide Corporation has issued 22 dividend payments over the past 5 years
- The most recent dividend was paid 47 days ago, on September 5, 2025
- The highest dividend payed out to investors during this period was $0.42 per share
- The average dividend paid during this period was $0.30 per share.
Company News
Canoe Financial increased its stake in Otis Worldwide by 940,862 shares, valued at $85.41 million, making it the fund's seventh-largest holding and representing 3.1% of its assets under management.
Otis Worldwide Corporation announced a quarterly dividend of $0.42 per share, payable on September 5, 2025, to shareholders of record as of August 15, 2025.
The European elevator and escalator market is projected to grow at 2.63% CAGR, reaching 164,037 units by 2030, driven by AI integration, infrastructure investments, and accessibility needs, despite challenges like housing crisis and labor shortages.
Gibraltar Industries reported strong Q2 2024 earnings despite top-line challenges. The company slightly reduced its 2024 net sales outlook but remains focused on driving operational improvements and margin expansion across its segments.
Otis Worldwide lowered its 2024 net sales forecast due to softening demand for its new equipment from North America and China, as inflationary pressures slowed construction activity in the US and the slow recovery in China's property market hurt the company's new equipment segment.
