Otis Worldwide Corporation manufactures, installs, and services elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. It had a network of approximately 34,000 service mechanics operating approximately 1,400 branches and offices. The company was founded in 1853 and is headquartered in Farmington, Connecticut.
Otis Worldwide Dividend Announcement
• Otis Worldwide announced a quarterly dividend of $0.39 per ordinary share which will be made payable on 2024-12-06. Ex dividend date: 2024-11-15
• Otis Worldwide annual dividend for 2024 was $1.51
• Otis Worldwide annual dividend for 2023 was $1.31
• Otis Worldwide's trailing twelve-month (TTM) dividend yield is 1.47%
• Otis Worldwide's payout ratio for the trailing twelve months (TTM) is 36.11%
Otis Worldwide Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-15 | $0.39 | quarterly | 2024-12-06 |
2024-08-16 | $0.39 | quarterly | 2024-09-06 |
2024-05-16 | $0.39 | quarterly | 2024-06-07 |
2024-02-15 | $0.34 | quarterly | 2024-03-08 |
2023-11-16 | $0.34 | quarterly | 2023-12-08 |
2023-08-17 | $0.34 | quarterly | 2023-09-08 |
2023-05-18 | $0.34 | quarterly | 2023-06-09 |
2023-02-16 | $0.29 | quarterly | 2023-03-10 |
2022-11-17 | $0.29 | quarterly | 2022-12-10 |
2022-08-18 | $0.29 | quarterly | 2022-09-10 |
2022-05-19 | $0.29 | quarterly | 2022-06-10 |
2022-02-17 | $0.24 | quarterly | 2022-03-10 |
2021-11-18 | $0.24 | quarterly | 2021-12-10 |
2021-08-19 | $0.24 | quarterly | 2021-09-10 |
2021-05-20 | $0.24 | quarterly | 2021-06-10 |
2021-02-11 | $0.20 | quarterly | 2021-03-10 |
2020-11-19 | $0.20 | quarterly | 2020-12-10 |
2020-08-20 | $0.20 | quarterly | 2020-09-10 |
2020-05-21 | $0.20 | quarterly | 2020-06-10 |
Otis Worldwide Dividend per year
Otis Worldwide Dividend growth
Otis Worldwide Dividend Yield
Otis Worldwide current trailing twelve-month (TTM) dividend yield is 1.47%. Interested in purchasing Otis Worldwide stock? Use our calculator to estimate your expected dividend yield:
Otis Worldwide Financial Ratios
Otis Worldwide Dividend FAQ
Other factors to consider when evaluating Otis Worldwide as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Otis Worldwide's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Otis Worldwide publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Otis Worldwide distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Otis Worldwide are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Otis Worldwide sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Otis Worldwide distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Otis Worldwide declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Otis Worldwide's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Otis Worldwide's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.