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FARMINGTON, Conn. - Otis Worldwide Corporation (NYSE:OTIS), with a market capitalization of $35.21 billion, announced Thursday its Board of Directors has declared a quarterly dividend of $0.42 per share of common stock. The company has consistently raised its dividend for five consecutive years, according to InvestingPro data, with the current yield standing at 1.88%.
The dividend will be payable on September 5, 2025, to shareholders of record at the close of business on August 15, 2025, according to a press release issued by the company.
Otis, which describes itself as the world’s leading elevator and escalator manufacturing, installation and service company, maintains approximately 2.4 million customer units worldwide and moves 2.4 billion people daily.
The Connecticut-based company employs 72,000 people globally, including 44,000 field professionals, and operates in more than 200 countries and territories.
The company noted in its statement that past dividends provide no assurance regarding future dividends, as payment amounts could vary significantly due to various risk factors, including economic conditions, financial market fluctuations, and changes in laws and regulations in countries where Otis operates.
In other recent news, Otis Worldwide Corp reported its second-quarter earnings for 2025, revealing a mixed performance. The company exceeded earnings per share expectations, posting $1.05 against the forecasted $1.03, marking a 1.94% surprise. However, Otis fell short on revenue projections, reporting $3.6 billion compared to the anticipated $3.7 billion, a shortfall of 2.7%. These results reflect recent developments that have impacted investor sentiment. Despite the earnings beat, the revenue miss has drawn attention from analysts and investors alike. The mixed results highlight the challenges and opportunities Otis faces in the current market environment. While the earnings per share exceeded projections, the revenue miss suggests areas for potential improvement. Investors and analysts are closely monitoring Otis’s performance as the company navigates these developments.
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