Otter Tail Corporation (NASDAQ:OTTR) Declares $0.58 Quarterly Dividend

Otter Tail Corporation (NASDAQ:OTTR) announced a quarterly dividend on Monday, May 4th. Shareholders 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 yield of 2.5%. The ex-dividend date of this dividend is Friday, May 15th.

Otter Tail has increased 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 payout ratio of 42.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 0.2%

Shares of OTTR stock opened at $90.59 on Tuesday. The company’s fifty day simple moving average is $87.49 and its two-hundred day simple moving average is $84.89. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.28 and a quick ratio of 1.83. Otter Tail has a 1 year low of $73.74 and a 1 year high of $92.24. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 13.81 and a beta of 0.47.

Otter Tail (NASDAQ:OTTR) last issued its earnings results on Monday, May 4th. The utilities provider reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.31. Otter Tail had a net margin of 21.16% and a return on equity of 15.36%. The business had revenue of $347.03 million for the quarter, compared to analysts’ expectations of $339.10 million. During the same quarter in the previous year, the firm posted $1.62 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Otter Tail has set its FY 2026 guidance at 5.220-5.620 EPS. As a group, analysts anticipate that Otter Tail will post 5.48 earnings per share for the current year.

Key Otter Tail News

Here are the key news stories impacting Otter Tail this week:

• Positive Sentiment: Q1 earnings and revenue beat — Otter Tail reported $1.73 EPS and $347.0M revenue, both above analysts’ expectations; profitability and modest revenue growth underpin near-term fundamentals. BusinessWire: Q1 Results
• Positive Sentiment: Dividend declared — Board approved a quarterly dividend of $0.5775 per share (ex-dividend May 15, payable June 10), supporting yield-seeking investors and signaling cash-flow confidence. (No article link provided)
• Neutral Sentiment: Guidance affirmed — Management affirmed FY2026 EPS guidance of $5.22–$5.62, reiterating confidence in full-year targets but providing limited new upside information. Press Release PDF
• Neutral Sentiment: Additional coverage and transcripts published — Multiple earnings snapshots and call transcripts are available for detail on drivers (rate recovery, operations, fuel/pass-throughs). Useful for investors who want color beyond headline numbers. Yahoo: Q1 Earnings Snapshot
• Negative Sentiment: Guidance floor vs. consensus — The low end of the guidance ($5.22) sits below the recent consensus (~$5.61), which could cap near-term upside and prompt conservative positioning by some investors until forward visibility improves. (No direct article link provided)

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.