Otter Tail Corporation Raises Quarterly Dividend to $0.5775 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 18h ago
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Source: Newsfilter
- Dividend Increase: Otter Tail Corporation announced an increase in its quarterly common stock dividend to $0.5775 per share, raising the annual indicated dividend rate to $2.31, which represents a $0.21 or 10% increase over the 2025 rate, reflecting the company's ongoing financial strength.
- Commitment to Shareholders: President and CEO Chuck MacFarlane highlighted that this marks the second consecutive year of double-digit dividend growth, underscoring the company's dedication to delivering shareholder value and enhancing investor confidence.
- Historical Achievement: The year 2026 will mark the 88th consecutive year of dividend payments on common stock, showcasing a stable dividend payment history that attracts long-term investors.
- Payment Schedule: The first-quarter dividend is set to be paid on March 10, 2026, to shareholders of record on February 13, 2026, ensuring timely returns for shareholders and further solidifying the relationship between the company and its investors.
Analyst Views on OTTR
About OTTR
Otter Tail Corporation is a holding company which invests in a portfolio of diversified operations, including an electric utility and manufacturing and plastic pipe businesses. The Company operates through three segments: Electric, Manufacturing and Plastics. The Electric segment includes the production, transmission, distribution and sale of electric energy in Minnesota, North Dakota and South Dakota by the Company. The Manufacturing segment consists of businesses in manufacturing activities, including contract machining, metal parts stamping, fabrication and painting, and production of plastic thermoformed horticultural containers, life science and industrial packaging, and material handling components. These businesses have manufacturing facilities in Georgia, Illinois and Minnesota. The Plastics segment consists of businesses producing PVC pipe at plants in North Dakota and Arizona. The PVC pipe is sold primarily in the western half of the United States and Canada.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
