Otis Worldwide Corporation (OTIS) to Distribute Quarterly Dividend of $0.44 on September 11th

Otis Worldwide Corporation (NYSE:OTIS) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Friday, August 14th will be paid a dividend of 0.44 per share on Friday, September 11th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, August 14th.

Otis Worldwide has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 5 years. Otis Worldwide has a payout ratio of 39.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Otis Worldwide to earn $4.60 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 38.3%.

Otis Worldwide Trading Up 0.2%

Shares of OTIS opened at $73.03 on Wednesday. Otis Worldwide has a 12 month low of $69.16 and a 12 month high of $94.57. The firm’s fifty day simple moving average is $72.35 and its two-hundred day simple moving average is $78.50. The stock has a market capitalization of $27.80 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 2.55 and a beta of 0.89.

Otis Worldwide (NYSE:OTIS) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.01 EPS for the quarter, hitting analysts’ consensus estimates of $1.01. Otis Worldwide had a net margin of 10.17% and a negative return on equity of 28.50%. The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the company posted $1.05 earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. As a group, research analysts predict that Otis Worldwide will post 4.05 EPS for the current fiscal year.

Otis Worldwide Company Profile

Otis Worldwide Corporation is a manufacturer, installer and servicer of vertical transportation systems, including elevators, escalators and moving walkways. The company designs and supplies new equipment for commercial, residential and industrial buildings, and provides ongoing maintenance and repair services aimed at maximizing equipment availability and safety. Otis also offers modernization solutions to upgrade aging systems and improve performance, accessibility and energy efficiency.

In addition to new equipment sales, a significant portion of Otis’s business derives from long-term service contracts and responsive maintenance work.