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OTIS WORLDWIDE CORP (OTIS) Q1 2021 Earnings Call Transcript


Operator
Good morning, and welcome to Otis s First Quarter 2021 Earnings Conference Call. This call is being carried live on the Internet and recorded for replay. Presentation materials are available for download from Otis website at www.otis.com.
I ll now turn it over to Stacy Laszewski, Vice President of FP&A and Investor Relations. Please go ahead.
Stacy Laszewski
Vice President, FP&A & Investor Relations
Thank you, Stephanie, and good morning, everyone. Welcome to Otis s first quarter 2021 earnings conference call. On the call with me today are Judy Marks, President and Chief Executive Officer; and Rahul Ghai, Executive Vice President and Chief Financial Officer. Please note, except where otherwise noted, the company will speak to results from continuing operations, excluding restructuring and significant non-recurring items. The company will also refer to adjusted results where adjustments were made as though Otis was a stand-alone company in the curren ....

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


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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.
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 more than 2 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 meetin ....

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