Otter Tail Corporation (NASDAQ:OTTR) to Issue Quarterly Dividend of $0.58

Otter Tail Corporation (NASDAQ:OTTR) announced a quarterly dividend on Monday, November 2nd. Shareholders of record on Friday, November 13th will be paid a dividend of $0.5775 per share by the utilities provider on Thursday, December 10th. This represents a $2.31 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, November 13th.

Otter Tail has increased 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. Analysts expect Otter Tail to earn $4.38 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 52.7%.

Otter Tail Trading Up 1.3%

Shares of NASDAQ:OTTR opened at $91.51 on Tuesday. Otter Tail has a 12-month low of $74.15 and a 12-month high of $95.09. The stock has a market cap of $3.84 billion, a PE ratio of 19.72 and a beta of 0.42. The business has a 50 day moving average of $89.42 and a 200-day moving average of $88.81. The company has a quick ratio of 1.36, a current ratio of 1.71 and a debt-to-equity ratio of 0.60.

Otter Tail (NASDAQ:OTTR) last posted its earnings results on Monday, November 2nd. The utilities provider reported $1.41 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.14). The firm had revenue of $320.51 million during the quarter, compared to analyst estimates of $327.87 million. Otter Tail had a net margin of 14.83% and a return on equity of 14.56%. Otter Tail’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.86 EPS. As a group, equities research analysts forecast that Otter Tail will post 5.96 earnings per share for the current year.

Key Headlines Impacting Otter Tail

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

• Positive Sentiment: Otter Tail declared a quarterly dividend of $0.5775 per share, payable December 10 to shareholders of record November 13. The annualized dividend is $2.31 per share, representing a yield of approximately 2.5%. Dividend information
• Positive Sentiment: Management affirmed the midpoint of its full-year 2026 earnings outlook and narrowed the guidance range, signaling continued confidence in its strategic growth plan despite a challenging operating environment. Otter Tail third-quarter results and guidance
• Neutral Sentiment: Otter Tail reported third-quarter diluted EPS of $1.41 and revenue of $320.5 million. Profitability remained solid, with a 14.83% net margin and 14.56% return on equity, but results were weaker than the prior-year quarter.
• Negative Sentiment: Third-quarter EPS of $1.41 missed analyst estimates ranging from $1.54 to $1.57, while revenue also came in below expectations at $320.5 million versus approximately $327.9 million. EPS declined from $1.86 a year earlier, and revenue fell 1.6% year over year. Otter Tail third-quarter earnings miss
• Negative Sentiment: Updated full-year 2026 EPS guidance of $5.73-$6.03 has a midpoint of $5.88, modestly below the $6.05 consensus estimate, which could limit near-term upside expectations. Otter Tail 2026 earnings guidance

About Otter Tail

Otter Tail Corporation is a diversified company headquartered in Fergus Falls, Minnesota. Through its electric utility subsidiary, Otter Tail Power Company, it generates, transmits and distributes electricity to residential, commercial, industrial and agricultural customers.

Otter Tail Power Company serves customers across portions of western Minnesota, eastern North Dakota and northeastern South Dakota. Its generation portfolio includes coal, natural gas, wind and other energy resources, supporting the company’s role as a regional provider of electric power and related utility services.

Beyond its utility operations, Otter Tail Corporation owns manufacturing businesses that produce fabricated metal components, plastic products and other specialized goods.