Otis Declares Quarterly Dividend of $0.42 per Share

Rhea-AI Summary

Otis (NYSE: OTIS) announced a quarterly dividend of $0.42 per share on Jan 29, 2026. The dividend is payable on March 13, 2026 to shareholders of record at the close of business on February 13, 2026.

Otis is a global leader in elevators and escalators, serving approximately 2.5 million customer units and moving 2.5 billion people daily.

Positive

• Dividend declared of $0.42 per share
• Payment date set for March 13, 2026
• Record date fixed at February 13, 2026

Negative

• Dividend not guaranteed; company warned future payments could vary due to economic and operational risks

News Market Reaction – OTIS

-2.00%

1 alert

-2.00% News Effect

On the day this news was published, OTIS declined 2.00%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

FARMINGTON, Conn., Jan. 29, 2026 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.42 per share of Otis' common stock. The dividend will be payable on March 13, 2026, to shareholders of record at the close of business on February 13, 2026.

About Otis

Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation, service and modernization of elevators and escalators, we move 2.5 billion people a day and maintain approximately 2.5 million customer units worldwide – the industry's largest Service portfolio. You'll find us in the world's most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 72,000 people strong, including 45,000 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. To learn more, visit www.otis.com and follow us on LinkedIn, YouTube, 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:
Katy Padgett   
+1-860-674-3047   
kathleen.padgett@otis.com 

Investor Relations Contact:    
Rob Quartaro
+1-860-676-6011
investorrelations@otis.com

View original content:https://www.prnewswire.com/news-releases/otis-declares-quarterly-dividend-of-0-42-per-share-302674471.html

SOURCE Otis Worldwide Corporation

FAQ

What dividend did Otis (OTIS) announce on January 29, 2026?

Otis declared a quarterly dividend of $0.42 per share. According to the company, the dividend will be payable March 13, 2026 to holders of record February 13, 2026.

When will Otis (OTIS) shareholders receive the $0.42 dividend in 2026?

The dividend payment date is March 13, 2026. According to the company, shareholders of record at the close of business on February 13, 2026 will be eligible for payment.

Who is eligible for the Otis (OTIS) $0.42 dividend declared January 29, 2026?

Shareholders of record at the close of business on February 13, 2026 are eligible. According to the company, eligible holders will receive payment on March 13, 2026.

How does Otis (OTIS) describe its business in the January 29, 2026 release about the dividend?

Otis describes itself as a global leader in elevators and escalators serving 2.5 million customer units. According to the company, it moves about 2.5 billion people a day worldwide.

Does Otis (OTIS) guarantee future dividends after the $0.42 declaration?

No, future dividends are not guaranteed and may vary. According to the company, dividend payments depend on economic conditions, indebtedness, and other business risks.

Where can investors find more information about the Otis (OTIS) dividend and risks?

Investors can review Otis filings and contacts for details. According to the company, Forms 10-K, 10-Q and 8-K contain factors that may affect future dividend payments.