Otis Declares Quarterly Dividend of $0.39 per Share

Rhea-AI Summary

Otis Worldwide (NYSE: OTIS) has announced its latest quarterly dividend declaration. The Board of Directors has approved a dividend of $0.39 per share of common stock, payable on March 7, 2025, to shareholders of record as of February 14, 2025.

Otis, the world's leading elevator and escalator company, serves approximately 2.4 billion people daily and maintains about 2.4 million customer units worldwide, representing the industry's largest service portfolio. The company employs 72,000 people globally, including 44,000 field professionals, operating in more than 200 countries and territories.

Positive

• Consistent dividend payment demonstrates financial stability
• Market leadership position with 2.4 million customer units under service
• Large global presence across 200+ countries and territories
• Strong service infrastructure with 44,000 field professionals

Negative

• None.

FARMINGTON, Conn., Jan. 30, 2025 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis' common stock. The dividend will be payable on March 7, 2025, to shareholders of record at the close of business on February 14, 2025.

About Otis

Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2.4 billion people a day and maintain approximately 2.4 million customer units worldwide, the industry's largest Service portfolio. Headquartered in Connecticut, USA, Otis is 72,000 people strong, including 44,000 field professionals, all committed to manufacturing, installing and maintaining products to meet the diverse needs of our customers and passengers in more than 200 countries and territories worldwide. To learn more, visit www.otis.com and follow us on LinkedIn, Instagram, and Facebook @OtisElevatorCo.

Cautionary Statement
This release includes statements related to anticipated earnings, cash flow and dividends that constitute "forward-looking statements" under the securities laws. All forward-looking statements involve risks, uncertainties and assumptions that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Past dividends provide no assurance as to future dividends. The payment and amount of future dividends could vary significantly from past amounts due to a number of risks and uncertainties. Risks and uncertainties include: (1) the effect of economic conditions in the industries and markets in which Otis and its businesses operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, future availability of credit and factors that may affect such availability or costs (including tighter credit conditions), levels of end market demand in construction, pandemic health issues, natural disasters and the financial condition of Otis' customers and suppliers; (2) risks associated with indebtedness; (3) challenges in the development and production of new products and services; and (4) the effect of changes in laws and regulations, political conditions and geopolitical conflicts in countries in which we operate and other factors beyond our control. The above list of factors is not exhaustive or necessarily in order of importance. For additional information on identifying factors that may cause actual results to vary from those stated in forward-looking statements, see the reports of Otis on Forms 10-K, 10-Q and 8-K filed with or furnished to the SEC from time to time. Any forward-looking statement speaks only as of the date on which it is made, and Otis assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

Media Contact		Investor Relations Contact
Katy Padgett		Rob Quartaro
+1-860-674-3047		+1-860-676-6011
kathleen.padgett@otis.com		investorrelations@otis.com

 

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SOURCE Otis Worldwide Corporation

FAQ

What is the amount of Otis's quarterly dividend for March 2025?

Otis (NYSE: OTIS) declared a quarterly dividend of $0.39 per share of common stock.

When is the payment date for Otis's latest dividend?

The dividend will be paid on March 7, 2025, to shareholders of record as of February 14, 2025.

How many customer units does Otis maintain worldwide?

Otis maintains approximately 2.4 million customer units worldwide, representing the industry's largest Service portfolio.

How many people does Otis serve daily through its elevators and escalators?

Otis moves 2.4 billion people daily through its elevator and escalator services.

What is the size of Otis's global workforce in 2025?

Otis employs 72,000 people globally, including 44,000 field professionals.