Otis Worldwide Corp Dividends
The next dividend date for Otis Worldwide Corp has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Otis Worldwide Corp (OTIS)
More About Otis Worldwide Corp
Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates through two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. This segment serves real-estate and building developers, and general contractors. It sells its products directly to customers, as well as through agents and distributors. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, Connecticut.
Owning Otis Worldwide Corp Stock on the Dividend Date
If you own Otis Worldwide Corp stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Otis Worldwide Corp stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Otis Worldwide Corp stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Otis Worldwide Corp stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Otis Worldwide Corp dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Otis Worldwide Corp Dividends
You can contact us any time if you would like to ask questions about Otis Worldwide Corp dividends or anything else related to the stock market.