Otter Tail Corporation (OTTR) to Distribute Quarterly Dividend of $0.58 on September 10th

Otter Tail Corporation (NASDAQ:OTTR) declared a quarterly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be given a dividend of 0.5775 per share by the utilities provider on Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, August 14th.

Otter Tail has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Otter Tail has a dividend payout ratio of 42.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Otter Tail to earn $4.72 per share next year, which means the company should continue to be able to cover its $2.31 annual dividend with an expected future payout ratio of 48.9%.

Otter Tail Stock Up 2.1%

Shares of NASDAQ OTTR opened at $94.28 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.71 and a quick ratio of 1.36. The company has a 50-day moving average price of $90.13 and a 200-day moving average price of $88.43. The stock has a market capitalization of $3.96 billion, a P/E ratio of 20.32 and a beta of 0.45. Otter Tail has a 1 year low of $74.15 and a 1 year high of $95.09.

Otter Tail (NASDAQ:OTTR) last posted its earnings results on Monday, August 3rd. The utilities provider reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.15. The company had revenue of $334.38 million for the quarter, compared to analyst estimates of $326.13 million. Otter Tail had a net margin of 14.83% and a return on equity of 14.56%. The firm’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.85 EPS. Otter Tail has set its FY 2026 guidance at 5.680-6.080 EPS. On average, equities research analysts forecast that Otter Tail will post 5.88 EPS for the current fiscal year.

Otter Tail Company Profile

Otter Tail Corporation, through its primary subsidiary Otter Tail Power Company, is a regulated electric utility engaged in the generation, transmission and distribution of electricity. The company operates a diversified portfolio of owned and contracted power generation facilities, including coal, natural gas, wind and hydroelectric units, supplemented by long-term power purchase agreements. In addition to utility operations, Otter Tail provides related engineering, construction and maintenance services to support grid reliability and efficiency.

The company’s service territory covers a predominantly rural footprint in the Upper Midwest, including communities in west-central Minnesota, eastern North Dakota, northwest Wisconsin and small portions of South Dakota.