Otis Worldwide Corporation (OTIS) To Go Ex-Dividend on February 13th

Otis Worldwide Corporation (NYSE:OTIS) declared a quarterly dividend on Thursday, January 29th. Investors of record on Friday, February 13th will be paid a dividend of 0.42 per share on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, February 13th.

Otis Worldwide has a dividend payout ratio of 37.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Otis Worldwide to earn $4.42 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 38.0%.

Otis Worldwide Stock Performance

Shares of OTIS opened at $85.43 on Friday. The stock has a 50-day moving average of $88.40 and a two-hundred day moving average of $89.33. The stock has a market cap of $33.29 billion, a P/E ratio of 24.41, a P/E/G ratio of 2.53 and a beta of 1.02. Otis Worldwide has a one year low of $84.00 and a one year high of $106.83.

Otis Worldwide (NYSE:OTIS) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $1.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.03. The company had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.88 billion. Otis Worldwide had a net margin of 9.59% and a negative return on equity of 30.42%. Otis Worldwide’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $0.93 EPS. Analysts predict that Otis Worldwide will post 4.04 EPS for the current fiscal year.

About Otis Worldwide

Otis Worldwide Corporation is a manufacturer, installer and servicer of vertical transportation systems, including elevators, escalators and moving walkways. The company designs and supplies new equipment for commercial, residential and industrial buildings, and provides ongoing maintenance and repair services aimed at maximizing equipment availability and safety. Otis also offers modernization solutions to upgrade aging systems and improve performance, accessibility and energy efficiency.

In addition to new equipment sales, a significant portion of Otis’s business derives from long-term service contracts and responsive maintenance work.