FARMINGTON, Conn., Oct. 28, 2021 /PRNewswire/ -- The
Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today
declared a quarterly dividend of $0.24 per share of Otis'
common stock. The dividend will be payable on December 10, 2021, to shareholders of record at
the close of business on November 19, 2021.
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 2.1 million customer units
worldwide, the industry's largest Service portfolio. Headquartered
in Connecticut, USA, Otis is
69,000 people strong, including 40,000 field professionals, all
committed to meeting the diverse needs of our customers and
passengers in more than 200 countries and territories worldwide.
For more information, 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, levels of end market demand in
construction, the impact of weather conditions, pandemic health
issues (including COVID-19 and its effects, among other things, on
global supply, demand, and distribution disruptions as the outbreak
continues and results in an increasingly prolonged period of
travel, commercial and/or other similar restrictions and
limitations) and the financial condition of Otis' customers and
suppliers; (2) the expected benefits of Otis' separation from
United Technologies Corporation and timing thereof; (3) risks
associated with indebtedness; (4) the risk that dis-synergy costs,
costs of restructuring transactions and other costs incurred in
connection with the separation will exceed Otis' estimates; (5) the
impact of the separation on Otis' businesses, resources, systems,
procedures and controls, diversion of management's attention and
the impact on relationships with customers, suppliers, employees
and other business counterparties; (6) challenges in the
development and production of new products and services; and
(7) the effect of changes in laws and regulations and political
conditions in countries in which we operate 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 Otis' registration
statement on Form 10 and 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:
Ray Hernandez
+1-860-674-3029
Ray.Hernandez@otis.com
Investor Relations Contact:
Michael Rednor
+1-860-676-6011
investorrelations@otis.com
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SOURCE Otis Worldwide Corporation