Upcoming Otis Worldwide dividend
Change(%)
+14.71%
Increase
Next payment 0.39$
Next payment date Jun 7, 2024
Last payment 0.34$
Last payment date Mar 8, 2024
00 D 00 H 00 M 00 S
Ex-Dividend: 5/16/24
Confirmed

A dividend of 0,39 dollars per share will be credited to the shareholders of Otis Worldwide on June 7, 2024, offering a yield of 0.41%.

May 16, 2024 marks the final date to buy shares of Otis Worldwide if you wish to receive a dividend on June 7, 2024.

The dividend from Otis Worldwide of 0.34 dollars paid on March 8, 2024 had a yield of 0.37%.

Otis Worldwide Corp dominates almost 90% of the elevator market in the United States and is one of the largest in the world in its field, which leads many long-term investors to participate in its share price because it demonstrates reliability and stability over time.

It distributes its dividends in four parts, segregating the annual total in three-month portions, starting with the first installment in March, the second in June, the third in September and the last in December.

Payout Ratio Otis Worldwide Dividends

Otis Worldwide paid 3% of its net income in the last fiscal period as dividends.
Otis Worldwide's earnings (14,300,000,256.00$) are sufficient to cover the dividend payment. This payment represents 3% of the total net profit of OTIS.
Dividend payout ratio
Payout Ratio

Dividend calendar of Otis Worldwide

These are the most important events of the Otis Worldwide calendar in 2024:

Event Day
Last trading date May 15, 2024
Ex-Dividend (Ex-Date) May 16, 2024
Record date May 17, 2024
Date of payment June 7, 2024
Data confirmed by the company Otis Worldwide (OTIS).
Confirmed
Source
Historical annual dividend yields of Otis Worldwide
Over the past 5 years, Otis Worldwide has not consistently distributed dividends.
Increasing Dividends
Dividend yield
Dividend yield of Otis Worldwide vs. the sector
Otis Worldwide's dividend yield (1.60%) is below the sector average (2.72%).
Comparison with industry average
Otis Worldwide's dividend yield is between the top 25% (6.46%) and top 75% (0.25%) of the sector.
Evaluation with respect to competence.
Dividend yield history in Otis Worldwide
Over the past 5 years, Otis Worldwide has not consistently distributed dividends.
Dividend stability

Dividend history of Otis Worldwide

In this table you can see the complete history:

YearEx-DividendAmountTotal
2024
02/15/2024
0.34 $
0.34 $
2023
11/16/2023
08/17/2023
05/18/2023
02/16/2023
0.34 $
0.34 $
0.34 $
0.29 $
1.31 $
2022
11/17/2022
08/18/2022
05/19/2022
02/17/2022
0.29 $
0.29 $
0.29 $
0.24 $
1.11 $
2021
11/18/2021
08/19/2021
05/20/2021
02/11/2021
0.24 $
0.24 $
0.24 $
0.2 $
0.92 $
2020
11/19/2020
08/20/2020
05/21/2020
0.2 $
0.2 $
0.2 $
0.6 $
Otis Worldwide dividend capture strategy
Step 1: Buy Otis Worldwide shares (OTIS) one day before ex-dividend date
Date of purchase May 15, 2024
Next ex-dividend date May 16, 2024
Step 2: Sell Otis Worldwide shares (OTIS) when the price recovers.
Date of sale (estimated) May 17, 2024
Average price recovery 2 days
Average return on cost 0.35%
The dividend capture strategy is based on historical Otis Worldwide data. Past performance is no guarantee of future results.

Information about Otis Worldwide

Full name Otis Worldwide Corporation
Ticker OTIS
Sector Industry
Industry Specialty Industrial Machinery
Market Capitalization 38.51B $
Number of Employees 71,000
Description of the company

Otis Elevator Company is a company dedicated to the manufacture of elevators and vertical transfer systems such as escalators, moving belts, among others.

It was founded in the United States in 1853 by Elisha Graves Otis, who invented the safety brake system that prevents a fall of the cabin in case the pulleys or cables are broken or damaged, although the origin of the elevator is very old, its possibility of safe and automatic use was facilitated by this readjustment.

In 1976 United Technologies was acquired and moved its headquarters to Connecticut and then in July 2022 was sold to Russia to S8 Capital holding company, including technology, equipment and qualified personnel.

Its products have allowed the creation of a great variety of skyscrapers, guaranteeing vertical mobility in long stretches, for which the brand has been recognized worldwide, being a leader in its industry, it is estimated that the world's population uses an Otis equipment on an average of every three days.

The company has installed units in well-known buildings such as the Eiffel Tower, the Petronas Towers, the Burj Khalifa, the World Trade Center, the Mapfre Tower in Spain, the Cepsa Tower and the Picasso Tower, among others.

Frequently asked questions about Otis Worldwide dividends

Otis Worldwide is listed on the New York Stock Exchange and is part of the Nyse.

Otis Worldwide has the Ticker or stock code OTIS.

The CEO of Otis Worldwide in 2024 is Ms. Judith F. Marks.

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