How This Weird Dividend Stock Just Beat Inflation

Otis Worldwide Corporation is one of those weird companies you might not know about. However, there’s a good chance you use their products daily.

For the unfamiliar, Otis builds and maintains elevators.

If you’ve used an elevator or escalator in the United States, there’s a good chance it was made by Otis. This is very much a weird, niche business. And one that 99.9% of investors overlook.

Otis is so obscure, in fact, that it recently reported fantastic news — and nobody paid attention.

What was the announcement?

That the company is raising their dividend by 20.8%.

Not only have Otis shareholders beaten the current 8.5% inflation rate, but they’ve actually grown their wealth too.

How Does Otis Worldwide Make Money?

In terms of business models, repeat customers are essential. And on the surface, it seems like Otis is a one-and-done company. They install an elevator or escalator, and that’s it.

Obviously, a business like this would go bankrupt fast. Since there aren’t enough new buildings going up to maintain a steady sales flow.

That’s where maintenance comes in.