Otis raises quarterly dividend by 5% to $0.44, reflecting strong cash flow and growth since 2020 spin-off.

Otis Worldwide Corporation announced a 5% increase in its quarterly dividend to $0.44 per share, payable on June 12, 2026, to shareholders of record as of May 15, 2026. This dividend hike highlights Otis' strong service-driven business and disciplined capital allocation, with dividends having grown about 120% since the company's 2020 spin-off. The company remains a global leader in elevator and escalator manufacturing and service, supporting 2.5 billion daily riders worldwide. This move signals Otis' commitment to delivering sustainable returns to shareholders amid ongoing market challenges.