FARMINGTON, Conn., July 25,
2024 /PRNewswire/ -- The Otis Worldwide
Corporation (NYSE: OTIS) Board of Directors today declared a
quarterly dividend of $0.39 per share of Otis' common stock.
The dividend will be payable on September 6, 2024, to shareholders of record at
the close of business on August 16,
2024.
About Otis
Otis is the world's leading elevator and escalator
manufacturing, installation and service company. We move 2.3
billion people a day and maintain approximately 2.3 million
customer units worldwide, the industry's largest Service portfolio.
Headquartered in Connecticut, USA,
Otis is 71,000 people strong, including 42,000 field professionals,
all committed to meeting the diverse needs of our customers and
passengers in more than 200 countries and territories worldwide. To
learn more, visit www.otis.com and follow us on LinkedIn,
Instagram, and Facebook @OtisElevatorCo.
Cautionary Statement
This release includes statements
related to anticipated earnings, cash flow and dividends that
constitute "forward-looking statements" under the securities laws.
All forward-looking statements involve risks, uncertainties and
assumptions that may cause actual results to differ materially from
those expressed or implied in the forward-looking statements. Past
dividends provide no assurance as to future dividends. The
payment and amount of future dividends could vary significantly
from past amounts due to a number of risks and uncertainties. Risks
and uncertainties include: (1) the effect of economic conditions in
the industries and markets in which Otis and its businesses operate
in the U.S. and globally and any changes therein, including
financial market conditions, fluctuations in commodity prices,
interest rates and foreign currency exchange rates, future
availability of credit and factors that may affect such
availability or costs (including tighter credit conditions), levels
of end market demand in construction, pandemic health issues,
natural disasters and the financial condition of Otis' customers
and suppliers; (2) risks associated with indebtedness; (3)
challenges in the development and production of new products and
services; and (4) the effect of changes in laws and
regulations, political conditions and geopolitical conflicts in
countries in which we operate and other factors beyond our
control. The above list of factors is not exhaustive or necessarily
in order of importance. For additional information on identifying
factors that may cause actual results to vary from those stated in
forward-looking statements, see the reports of Otis on Forms 10-K,
10-Q and 8-K filed with or furnished to the SEC from time to time.
Any forward-looking statement speaks only as of the date on which
it is made, and Otis assumes no obligation to update or revise such
statement, whether as a result of new information, future events or
otherwise, except as required by applicable law.
Media
Contact
|
Investor Relations
Contact
|
Katy Padgett
|
Michael
Rednor
|
+1-860-674-3047
|
+1-860-676-6011
|
kathleen.padgett@otis.com
|
investorrelations@otis.com
|
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SOURCE Otis Worldwide Corporation