By Kelly Cloonan
Otis Worldwide raised its quarterly dividend by 8%, to 42 cents a share.
The Farmington, Conn.-based elevator-and-escalator maker on Tuesday said its board of directors has approved a quarterly payout to shareholders of 42 cents, up from 39 cents previously.
The new payout, equal to $1.68 annually, represents a yield of 1.7%, based on Tuesday's closing price of $98.95 per share.
The dividend will be payable June 6 to shareholders of record at the close of business May 16.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
April 22, 2025 16:56 ET (20:56 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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