Otis Raises Its Dividend by 20.8%

After the closing bell, Otis Worldwide (OTIS) raised its quarterly dividend from 24 cents to 29 cents per share.

The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.29 per share of Otis’ common stock, which represents a 20.8% increase. The dividend will be payable on June 10, 2022, to shareholders of record at the close of business on May 20, 2022.

“Today’s dividend increase demonstrates our commitment to disciplined capital management and our confidence in future cash flow growth,” said Judy Marks, Otis Chair, CEO and President. “We have now raised the dividend by 45% since becoming a public company and will continue to drive value creation for our customers, colleagues, and shareholders.”

Posted by on April 22nd, 2022 at 4:20 pm


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