Otis Worldwide

Otis Worldwide is the world's largest maker of elevators and escalators, spun off from United Technologies in 2020. A defining feature of its business is the large installed base it maintains, which generates a steady stream of high-margin service and modernization revenue that recurs long after the original equipment is sold. As a relatively young standalone company, Otis has a shorter dividend record but has increased the payout each year since separation. The yield is modest and covered comfortably by resilient service cash flows, giving the growing distribution a dependable footing. The profile suits investors who want a mix of steady income and exposure to a durable, maintenance-driven industrial franchise.