Otis Worldwide Corp (OTIS)

[Monksdream]

OTIS 10Q due 4/24

[Monksdream]

OTIS new 52 week high

[bar1080]

More Q. OTIS Div Increases

   Date	       Dividends 
 May 18, 2023	0.34 Dividend 
 Feb 16, 2023	0.29 Dividend 
 Nov 17, 2022	0.29 Dividend 
 Aug 18, 2022	0.29 Dividend 
 May 19, 2022	0.29 Dividend 
 Feb 17, 2022	0.24 Dividend 
 Nov 18, 2021	0.24 Dividend 
 Aug 19, 2021	0.24 Dividend 
 May 20, 2021	0.24 Dividend 
 Feb 11, 2021	0.20 Dividend 
 Nov 19, 2020	0.20 Dividend

[bar1080]

Another big dividend increase:

May 19, 2022 0.29 Dividend
Feb 17, 2022 0.24 Dividend
Nov 18, 2021 0.24 Dividend
Aug 19, 2021 0.24 Dividend
May 20, 2021 0.24 Dividend
Feb 11, 2021 0.20 Dividend
Nov 19, 2020 0.20 Dividend
Aug 20, 2020 0.20 Dividend
May 21, 2020 0.20 Dividend

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Otis all-time high $91!

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OTIS all-time high $81.

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"Otis Announces 20 Percent Increase in Quarterly Dividend to $0.24 per Share"

"FARMINGTON, Conn., April 19, 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, which represents a 20 percent increase over the prior quarter's dividend amount. The dividend will be payable on June 10, 2021, to shareholders of record at the close of business on May 21, 2021.

"This 20 percent dividend increase reflects confidence in our ability to generate strong free cash flow and drive value for shareholders," said President and CEO Judy Marks."

https://finance.yahoo.com/news/otis-announces-20-percent-increase-203600832.html

[bar1080]

$69.30 Friday was all-time high, I believe.

[bar1080]

Beware Scammy below market OTIS tender offer.

"Mon, January 11, 2021, 3:10 PM CST·3 min read
- Unsolicited mini-tender offer is below current market price for Otis shares

- Shareholders who have already tendered shares advised to withdraw

- Otis urges investors to review current share price, exercise caution and consult with advisors

FARMINGTON, Conn., Jan. 11, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation ("TRC Capital") to purchase up to 2 million shares, or about 0.46 percent, of Otis's outstanding common stock at a price of $62.75 per share in cash. As TRC Capital's own offer document acknowledges, the offering price is approximately 4.62 percent below the closing price per share of Otis on Dec. 24, 2020, the last trading day before the mini-tender offer was commenced. Otis recommends that shareholders reject this unsolicited offer because the offer price is below the current market price for Otis shares. The offer also is subject to numerous conditions, including TRC Capital obtaining sufficient financing necessary to consummate the offer."

https://finance.yahoo.com/news/otis-recommends-shareholders-reject-trc-211000740.html

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Still doing nicely as this shows

[Panzer]

Yes, I am still buying bigly. $50+

[bar1080]

RTX spinoff Carrier has been a huge winner, doubling since April.

[Panzer]

Welcome, I still have my OTIS shares from UTX. And Carrier. RTX sucking wind should have sold.

[bar1080]

This board is for Otis Worldwide Corp, the elevator company, spun off from Raytheon Corp on 4-3-2020. Carrier was also spun off from RTX then.

Welcome.