Otis Worldwide Corporation (NYSE:OTIS – Get Free Report) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.44 per share on Friday, December 11th. This represents a $1.76 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, November 13th.
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 dividend payout ratio of 39.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Otis Worldwide to earn $4.47 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 39.4%.
Otis Worldwide Stock Performance
Otis Worldwide stock opened at $74.69 on Friday. Otis Worldwide has a 52 week low of $63.58 and a 52 week high of $94.57. The business’s 50-day simple moving average is $69.60 and its 200-day simple moving average is $76.50. The firm has a market capitalization of $28.43 billion, a PE ratio of 18.58, a PEG ratio of 2.56 and a beta of 0.87.
Otis Worldwide (NYSE:OTIS – Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. Otis Worldwide had a net margin of 10.28% and a negative return on equity of 28.45%. The firm had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. The business’s quarterly revenue was up 6.1% on a year-over-year basis. Research analysts forecast that Otis Worldwide will post 4.03 earnings per share for the current year.
Trending Headlines about Otis Worldwide
Here are the key news stories impacting Otis Worldwide this week:
- Positive Sentiment: Q3 results exceeded expectations: Otis reported adjusted earnings of $1.05 per share versus the $1.01 consensus estimate, while revenue rose 6.1% year over year to $3.91 billion, ahead of the $3.85 billion forecast. Otis Q3 earnings and revenues beat estimates
- Positive Sentiment: Service growth provided support: Strong demand for maintenance and modernization services offset weakness in China and helped drive the quarterly revenue beat. The company maintained its 2026 EPS outlook, suggesting performance remains broadly on track. Otis beats estimates as elevator service growth offsets China weakness
- Positive Sentiment: Dividend maintained: Otis declared a quarterly dividend of $0.44 per share, equivalent to $1.76 annually and a yield of approximately 2.4%. The dividend is payable December 11 to shareholders of record November 13. Otis declares quarterly dividend
- Neutral Sentiment: Analyst views are mixed: BNP Paribas raised its price target to $90 from $86, while Evercore ISI reduced its target to $95 from $100. These targets remain above the current trading level but indicate differing expectations for growth and valuation.
- Negative Sentiment: Margins remain a concern: New Equipment margins contracted, creating a margin squeeze beneath the reported revenue and EPS growth. Wells Fargo lowered its target to $75 from $77 and retained an “underweight” rating, highlighting limited near-term upside. Otis Q3 earnings and revenues beat estimates on strong service growth
About Otis Worldwide
Otis Worldwide Corporation (NYSE: OTIS) is a global manufacturer and service provider for the elevator and escalator industry. The company designs, manufactures, installs, modernizes and maintains elevators, escalators and moving walkways for commercial buildings, residential developments, transportation hubs and other infrastructure projects.
Otis provides equipment for new construction as well as maintenance, repair and modernization services for existing systems. Its service operations support equipment from Otis and other manufacturers, helping building owners and operators manage the safety, performance and lifecycle of vertical transportation systems.
The company traces its history to 1853, when Elisha Otis demonstrated a safety device for elevators.
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