Otis Worldwide Dividends and Buybacks
Dividend criteria checks 2/6
Otis Worldwide is a dividend paying company with a current yield of 1.56% that is well covered by earnings. Next payment date is on 6th December, 2024 with an ex-dividend date of 15th November, 2024.
Key information
1.6%
Dividend yield
2.6%
Buyback Yield
| Total Shareholder Yield | 4.1% |
| Future Dividend Yield | 1.8% |
| Dividend Growth | 6.2% |
| Next dividend pay date | 06 Dec 24 |
| Ex dividend date | 15 Nov 24 |
| Dividend per share | €1.438 |
| Payout ratio | 36% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, OTIS has been paying a dividend for less than 10 years.
Growing Dividend: OTIS's dividend payments have increased, but the company has only paid a dividend for 5 years.
Dividend Yield vs Market
| Otis Worldwide Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (OTIS) | 1.6% |
| Market Bottom 25% (AT) | 2.1% |
| Market Top 25% (AT) | 6.2% |
| Industry Average (Machinery) | 4.9% |
| Analyst forecast (OTIS) (up to 3 years) | 1.8% |
Notable Dividend: OTIS's dividend (1.56%) isn’t notable compared to the bottom 25% of dividend payers in the Austrian market (2.12%).
High Dividend: OTIS's dividend (1.56%) is low compared to the top 25% of dividend payers in the Austrian market (6.28%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (36.2%), OTIS's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (46.5%), OTIS's dividend payments are well covered by cash flows.