5 Stocks with Latest Dividend Increases

3. Otis Worldwide Corp (NYSE:OTIS)

Number of Hedge Fund Investors: 38

Escalators and elevator company Otis Worldwide Corp (NYSE:OTIS) on April 23 increased its quarterly dividend by 14.7%.

As of the end of the fourth quarter of 2023,  38 hedge funds reported owning stakes in Otis Worldwide Corp (NYSE:OTIS). The biggest stake in Otis Worldwide Corp (NYSE:OTIS)  belongs to Terry Smith’s Fundsmith LLP which owns a $576 million stake in Otis Worldwide Corp (NYSE:OTIS).