Core Viewpoint - Otis Worldwide Corporation has declared a quarterly dividend of $0.42 per share, marking an 8% increase, and this is the fifth consecutive year of dividend increases, reflecting the company's commitment to shareholder value through disciplined capital allocation [1][2]. Company Overview - Otis is the world's leading company in elevator and escalator manufacturing, installation, and service, moving 2.4 billion people daily and maintaining approximately 2.4 million customer units globally, which constitutes the largest service portfolio in the industry [2]. Financial Performance - The dividend has increased approximately 110% since the company's spin-off in 2020, supported by the strength of its service-driven business model [2].

Core Viewpoint - Otis Worldwide Corporation will host a conference call to discuss its first quarter results and outlook for 2025 on April 23, 2025 [1] Company Overview - Otis is the world's leading elevator and escalator manufacturing, installation, and service company, moving 2.4 billion people daily and maintaining approximately 2.4 million customer units globally [3] - The company is headquartered in Connecticut, USA, and employs 72,000 people, including 44,000 field professionals [3] - Otis operates in over 200 countries and territories, providing a diverse range of products and services to meet customer needs [3]