FARMINGTON, Conn., Feb. 1, 2024
/PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board
of Directors today declared a quarterly dividend of $0.34 per
share of Otis' common stock. The dividend will be payable on
March 8, 2024, to shareholders of
record at the close of business on February
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
|
Ray Hernandez
|
Michael
Rednor
|
+1-860-212-9167
|
+1-860-676-6011
|
ray.hernandez@otis.com
|
investorrelations@otis.com
|
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SOURCE Otis Worldwide Corporation