Schindler's Upgraded Dividend Payout Makes Sense Given the Cash Flow Generation of the Business

Schindler is an industry leader and one of the four largest globally active elevator and escalator original equipment manufacturers. As an integrated player, its operations span manufacturing, installation, and elevator and escalator servicing. Schindler also performs elevator modernization services for elevator systems at the end of their typical 15- to 20-year useful life. Schindler commands an approximate 15% share of the estimated $80 billion global elevator and escalator market.