Otis Worldwide (NYSE:OTIS) Is Increasing Its Dividend To $0.39 [Yahoo! Finance]
Otis Worldwide Corporation (OTIS)
Company Research
Source: Yahoo! Finance
than last year's payment of $0.34 which covered the same period. The payment will take the dividend yield to 1.5%, which is in line with the average for the industry. See our latest analysis for Otis Worldwide Otis Worldwide's Payment Has Solid Earnings Coverage While it is always good to see a solid dividend yield, we should also consider whether the payment is feasible. However, Otis Worldwide's earnings easily cover the dividend. As a result, a large proportion of what it earned was being reinvested back into the business. Looking forward, earnings per share is forecast to rise by 33.3% over the next year. If the dividend continues along recent trends, we estimate the payout ratio will be 38%, which is in the range that makes us comfortable with the sustainability of the dividend. Otis Worldwide Doesn't Have A Long Payment History The dividend has been pretty stable looking back, but the company hasn't been paying one for very long. This makes it tough to judge how it w
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OTIS
News
- Otis Achieves Four Consecutive Years of "Noteworthy Company" Recognition [Yahoo! Finance]Yahoo! Finance
- Otis Worldwide Co. (NYSE: OTIS) had its price target raised by analysts at Argus from $102.00 to $108.00. They now have a "buy" rating on the stock.MarketBeat
- Here's What We Like About Otis Worldwide's (NYSE:OTIS) Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Otis Worldwide Corporation's (NYSE:OTIS) CEO For Now [Yahoo! Finance]Yahoo! Finance
- Students Innovate to Improve Access to Urban Green Space [Yahoo! Finance]Yahoo! Finance
OTIS
Earnings
- 4/24/24 - Beat
OTIS
Sec Filings
- 5/8/24 - Form 4
- 5/7/24 - Form 144
- 5/2/24 - Form DEFA14A
- OTIS's page on the SEC website