FARMINGTON, Conn., Oct. 26,
2023 /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 December 8, 2023, to shareholders of record at
the close of business on November 17,
2023.
About Otis
Otis is the world's leading elevator and escalator
manufacturing, installation and service company. We move 2 billion
people a day and maintain approximately 2.2 million customer units
worldwide, the industry's largest Service portfolio. Headquartered
in Connecticut, USA, Otis is
69,000 people strong, including 41,000 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, Facebook and Twitter @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 and political conditions in
countries in which we operate, including the effect of the ongoing
conflict between Russia and
Ukraine, the recent war in
Israel and Gaza, and increased tensions between the U.S.
and China, 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
|
Katy Padgett
|
Michael Rednor
|
+1-860-674-3047
|
+1-860-676-6011
|
kathleen.padgett@otis.com
|
investorrelations@otis.com
|
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SOURCE Otis Worldwide Corporation