Otter Tail Corporation (OTTR) To Go Ex-Dividend on May 15th

Otter Tail Corporation (NASDAQ:OTTR) announced a quarterly dividend on Monday, May 4th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.5775 per share by the utilities provider on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, May 15th.

Otter Tail has raised its dividend payment by an average of 0.1%annually 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. Equities analysts expect Otter Tail to earn $4.86 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 47.5%.

Otter Tail Price Performance

NASDAQ:OTTR opened at $89.70 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.04 and a quick ratio of 1.64. The company has a 50 day moving average price of $87.87 and a 200-day moving average price of $85.35. Otter Tail has a 1-year low of $74.15 and a 1-year high of $92.24. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 13.45 and a beta of 0.47.

Otter Tail (NASDAQ:OTTR) last posted its earnings results on Monday, May 4th. The utilities provider reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.31. Otter Tail had a return on equity of 15.21% and a net margin of 21.34%.The firm had revenue of $347.03 million for the quarter, compared to analysts’ expectations of $339.10 million. During the same period last year, the firm earned $1.62 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Otter Tail has set its FY 2026 guidance at 5.220-5.620 EPS. Equities research analysts forecast that Otter Tail will post 5.48 EPS for the current 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.