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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.