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Should You Buy Otis Worldwide Corporation (NYSE:OTIS) For Its Upcoming Dividend?
Otis Worldwide Corporation (NYSE:OTIS) is about to go ex-dividend in just four days. The company's next dividend payment will be US$0.34 per share, and in the last 12 months, the company paid a total of US$1.36 per share. Otis Worldwide has a trailing yield of approximately 1.6% on its current stock price of $87.41.
Otis Worldwide: Q2 Earnings Snapshot Otis Worldwide Corporation (OTIS) on Wednesday reported second-quarter profit of $376 million. The Farmington, Connecticut-based company said it had profit of 90 cents per share.
Otis Worldwide (NYSE:OTIS) stock performs better than its underlying earnings growth over last three years Otis Worldwide Corporation (NYSE:OTIS) shareholders have seen the share price rise 41% over three years, well in excess of the market return. On the other hand, the returns haven't been quite so good recently, with shareholders up just 13%, including dividends. On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns.
Otis Worldwide: Q1 Earnings Snapshot Otis Worldwide Corporation (OTIS) on Wednesday reported first-quarter profit of $331 million. The Farmington, Connecticut-based company said it had profit of 79 cents.
Otis Worldwide: Q1 Earnings Snapshot Otis Worldwide Corporation (OTIS) on Wednesday reported first-quarter profit of $331 million. On a per-share basis, the Farmington, Connecticut-based company said it had profit of 79 cents. The results beat Wall Street expectations.
Otis Worldwide Reports Q1 Results Above Consensus Otis Worldwide Corp (NYSE: OTIS) reported a first-quarter FY23 sales decline of 2% year-over-year to $3.35 billion, +3.6% on an organic basis.Adjusted operating profit decreased 19% Y/Y to $518 million, and the margin contracted by 50 bps to 15.5%. Otis generated cash from operations of $278 million for the quarter, compared to $504 million a year ago.
Otis Declares Quarterly Dividend of $0.29 per Share The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.29 per share of Otis' common stock. The dividend will be payable on March 10, 2023, to shareholders of record at the close of business on February 17,2023.
Otis Worldwide: Q4 Earnings Snapshot Otis Worldwide Corporation (OTIS) reported fourth-quarter net income of $297 million. On a per-share basis, the Farmington, Connecticut-based company said it had profit of 71 cents. The company posted revenue of $3.44 billion in the period.
Otis Worldwide: Q4 Earnings Snapshot Otis Worldwide Corporation (OTIS) on Wednesday reported fourth-quarter net income of $297 million. On a per-share basis, the Farmington, Connecticut-based company said it had profit of 71 cents.
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