Otis Declares Quarterly Dividend of $0.42 per Share

Rhea-AI Summary

Otis Worldwide Corporation (NYSE: OTIS), the world's leading elevator and escalator company, has declared a quarterly dividend of $0.42 per share of common stock. The dividend will be payable on September 5, 2025, to shareholders of record as of August 15, 2025.

Otis serves a global market, moving 2.4 billion people daily and maintaining approximately 2.4 million customer units worldwide. The company employs 72,000 people, including 44,000 field professionals, operating in more than 200 countries and territories.

Positive

• Consistent dividend payment demonstrates financial stability
• Industry leadership with 2.4 million customer units under service
• Strong global presence in over 200 countries and territories
• Large workforce of 72,000 employees including 44,000 field professionals

Negative

• Forward-looking risks include economic conditions and market fluctuations
• Exposure to foreign currency exchange rate fluctuations
• Potential challenges from geopolitical conflicts and regulatory changes

News Market Reaction

+0.66%

1 alert

+0.66% News Effect

On the day this news was published, OTIS gained 0.66%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

FARMINGTON, Conn., July 24, 2025 /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 September 5, 2025, to shareholders of record at the close of business on August 15, 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. For more information, 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 Otis Worldwide's (NYSE: OTIS) latest quarterly dividend amount?

Otis declared a quarterly dividend of $0.42 per share of common stock.

When is the Otis (NYSE: OTIS) Q3 2025 dividend payment date?

The dividend will be paid on September 5, 2025 to shareholders of record as of August 15, 2025.

How many customer units does Otis (NYSE: OTIS) maintain globally?

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

How many people does Otis (NYSE: OTIS) transport daily?

Otis moves 2.4 billion people per day through their elevator and escalator systems globally.

What is the size of Otis Worldwide's (NYSE: OTIS) workforce?

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