Otis Worldwide Dividend
Dividend criteria checks 2/6
Otis Worldwide is a dividend paying company with a current yield of 1.7% that is well covered by earnings. Next payment date is on 7th June, 2024 with an ex-dividend date of 16th May, 2024.
Key information
1.7%
Dividend yield
39%
Payout ratio
| Industry average yield | 0% |
| Next dividend pay date | 07 Jun 24 |
| Ex dividend date | 16 May 24 |
| Dividend per share | n/a |
| Earnings per share | Mex$3.53 |
| Dividend yield forecast in 3Y | 2.0% |
Recent dividend updates
Recent updates
Upcoming Dividend Payment
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 4 years.
Dividend Yield vs Market
| Otis Worldwide Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (OTIS *) | 1.7% |
| Market Bottom 25% (MX) | 0% |
| Market Top 25% (MX) | 0% |
| Industry Average (Machinery) | 0% |
| Analyst forecast in 3 Years (OTIS *) | 2.0% |
Notable Dividend: OTIS *'s dividend (1.7%) isn’t notable compared to the bottom 25% of dividend payers in the MX market (2.18%).
High Dividend: OTIS *'s dividend (1.7%) is low compared to the top 25% of dividend payers in the MX market (6.56%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39%), OTIS *'s dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (45.8%), OTIS *'s dividend payments are well covered by cash flows.