Otis Announces 5 Percent Increase in Quarterly Dividend to $0.44 per Share

The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.44 per share of Otis’ common stock, representing a 5% increase. The dividend will be payable on June 12, 2026, to shareholders of record at the close of business on May 15, 2026.

"With the continued strength of our Service driven business and the cash flows it generates, this dividend increase underscores our disciplined approach to capital allocation," said Judy Marks, Otis Chair, CEO and President. “Our dividend has increased approximately 120% since our spin in 2020, reflecting our focus on delivering attractive and sustainable returns to shareholders.”

About Otis

Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation, service and modernization of elevators and escalators, we move 2.5 billion people a day and maintain approximately 2.5 million customer units worldwide – the industry's largest Service portfolio. You’ll find us in the world's most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 72,000 people strong, including 45,000 field professionals, all committed to manufacturing, installing and maintaining products to meet the diverse needs of our customers and passengers in more than 200 countries and territories. To learn more, visit www.otis.com and follow us on LinkedIn, YouTube, Instagram and Facebook @OtisElevatorCo.