Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. The company's Electric segment produces, transmits, distributes, and sells electric energy in Minnesota, North Dakota, and South Dakota; and operates as a participant in the Midcontinent Independent System Operator, Inc. markets. This segment generates electricity through coal, wind and hydro, and natural gas. It serves approximately 133,000 residential, industrial, and other commercial customers. Its Manufacturing segment engages in the contract machining, metal parts stamping, fabrication and painting, and production of plastic thermoformed horticultural containers, life science and industrial packaging, and material handling components, and extruded raw material stock for recreational vehicle, agricultural, construction, lawn and garden, and industrial and energy equipment industries. It also manufactures clamshell packing, blister packs, returnable pallets, and handling trays for shipping and storing odd-shaped or difficult-to-handle parts for customers in the horticulture, medical and life sciences, industrial, recreation, and electronics industries. The company's Plastics segment manufactures polyvinyl chloride pipes for municipal water, rural water, wastewater, storm drainage and water reclamation system, and other uses. This segment markets its products to wholesalers and distributors through independent sales representatives, company salespersons, and customer service representatives. The company was formerly known as Otter Tail Power Company and changed its name to Otter Tail Corporation in 2001. Otter Tail Corporation was founded in 1907 and is headquartered in Fergus Falls, Minnesota.
Otter Tail Dividend Announcement
• Otter Tail announced a quarterly dividend of $0.47 per ordinary share which will be made payable on 2024-09-10. Ex dividend date: 2024-08-15
• Otter Tail annual dividend for 2024 was $1.40
• Otter Tail annual dividend for 2023 was $1.75
• Otter Tail's trailing twelve-month (TTM) dividend yield is 2.34%
• Otter Tail's payout ratio for the trailing twelve months (TTM) is 24.32%
• Otter Tail's dividend growth over the last five years (2018-2023) was 5.49% year
• Otter Tail's dividend growth over the last ten years (2013-2023) was 3.93% year
Otter Tail Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-08-15 | $0.47 | quarterly | 2024-09-10 |
| 2024-05-14 | $0.47 | quarterly | 2024-06-10 |
| 2024-02-14 | $0.47 | quarterly | 2024-03-08 |
| 2023-11-14 | $0.44 | quarterly | 2023-12-08 |
| 2023-08-14 | $0.44 | quarterly | 2023-09-08 |
| 2023-05-12 | $0.44 | quarterly | 2023-06-09 |
| 2023-02-13 | $0.44 | quarterly | 2023-03-10 |
| 2022-11-14 | $0.41 | quarterly | 2022-12-09 |
| 2022-08-12 | $0.41 | quarterly | 2022-09-09 |
| 2022-05-12 | $0.41 | quarterly | 2022-06-10 |
| 2022-02-14 | $0.41 | quarterly | 2022-03-10 |
| 2021-11-12 | $0.39 | quarterly | 2021-12-10 |
| 2021-08-12 | $0.39 | quarterly | 2021-09-10 |
| 2021-05-13 | $0.39 | quarterly | 2021-06-10 |
| 2021-02-11 | $0.39 | quarterly | 2021-03-10 |
| 2020-11-12 | $0.37 | quarterly | 2020-12-10 |
| 2020-08-13 | $0.37 | quarterly | 2020-09-10 |
| 2020-05-14 | $0.37 | quarterly | 2020-06-10 |
| 2020-02-13 | $0.37 | quarterly | 2020-03-10 |
| 2019-11-14 | $0.35 | quarterly | 2019-12-10 |
| 2019-08-14 | $0.35 | quarterly | 2019-09-10 |
| 2019-05-14 | $0.35 | quarterly | 2019-06-10 |
| 2019-02-14 | $0.35 | quarterly | 2019-03-09 |
| 2018-11-14 | $0.34 | quarterly | 2018-12-10 |
| 2018-08-14 | $0.34 | quarterly | 2018-09-10 |
| 2018-05-14 | $0.34 | quarterly | 2018-06-09 |
| 2018-02-14 | $0.34 | quarterly | 2018-03-10 |
| 2017-11-14 | $0.32 | quarterly | 2017-12-09 |
| 2017-08-11 | $0.32 | quarterly | 2017-09-09 |
| 2017-05-11 | $0.32 | quarterly | 2017-06-10 |
| 2017-02-13 | $0.32 | quarterly | 2017-03-10 |
| 2016-11-10 | $0.31 | quarterly | 2016-12-10 |
| 2016-08-11 | $0.31 | quarterly | 2016-09-10 |
| 2016-05-11 | $0.31 | quarterly | 2016-06-10 |
| 2016-02-10 | $0.31 | quarterly | 2016-03-10 |
| 2015-11-10 | $0.31 | quarterly | 2015-12-10 |
| 2015-08-12 | $0.31 | quarterly | 2015-09-10 |
| 2015-05-13 | $0.31 | quarterly | 2015-06-10 |
| 2015-02-11 | $0.31 | quarterly | 2015-03-10 |
| 2014-11-12 | $0.30 | quarterly | 2014-12-10 |
| 2014-08-13 | $0.30 | quarterly | 2014-09-10 |
| 2014-05-13 | $0.30 | quarterly | 2014-06-10 |
| 2014-02-12 | $0.30 | quarterly | 2014-03-10 |
| 2013-11-13 | $0.30 | quarterly | 2013-12-10 |
| 2013-08-13 | $0.30 | quarterly | 2013-09-10 |
| 2013-05-13 | $0.30 | quarterly | 2013-06-10 |
| 2013-02-13 | $0.30 | quarterly | 2013-03-09 |
Otter Tail Dividend per year
Otter Tail Dividend growth
Otter Tail Dividend Yield
Otter Tail current trailing twelve-month (TTM) dividend yield is 2.34%. Interested in purchasing Otter Tail stock? Use our calculator to estimate your expected dividend yield:
Otter Tail Financial Ratios
P/E ratio10.55
PEG ratio-2.30
P/B ratio2.10
ROE21.06%
Payout ratio24.32%
Current ratio2.27
Quick ratio1.67
Cash Ratio0.85
Otter Tail Dividend FAQ
How much is the next Otter Tail dividend?
Otter Tail's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Otter Tail dividend. The next Otter Tail dividend will be released in February, May, August, or November.
When is Otter Tail dividend paid?
Otter Tail pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Otter Tail pay?
The specific amount of Otter Tail dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Otter Tail's dividend history.
Does Otter Tail stock pay dividends?
Yes, Otter Tail does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Otter Tail's dividend history.
How much dividend does Otter Tail pay?
Otter Tail paid $1.402 in 2024, $1.75 in 2023, $1.649 in 2022, $1.56 in 2021, and $1.48 in 2020.
How often does Otter Tail pay dividends?
Otter Tail typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is Otter Tail's dividend yield?
The current dividend yield for Otter Tail is 2.34%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Otter Tail's exact dividend yield.
When does Otter Tail go ex dividend?
Otter Tail's ex-dividend date for the latest dividend was on 2024-08-15. Otter Tail typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Otter Tail dividend paid?
Otter Tail pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Otter Tail increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Otter Tail will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Otter Tail dividend per share?
Otter Tail paid $1.402 per share in 2024 and $1.75 per share in 2023. The amount of dividend per share that Otter Tail pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Otter Tail a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Otter Tail a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Otter Tail a dividend stock?
Yes, Otter Tail is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Otter Tail a good dividend stock?
Whether Otter Tail is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Otter Tail has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Otter Tail as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Otter Tail as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Otter Tail pay dividends monthly?
Otter Tail typically pays dividends on a quarterly basis.
Does Otter Tail pay dividends quarterly?
Otter Tail currently pays dividends on a quarterly basis.
Has Otter Tail ever paid a dividend?
Yes, Otter Tail has a history of paying dividends to its shareholders. Otter Tail is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Otter Tail dividend stocks?
To buy Otter Tail you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Otter Tail stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Otter Tail stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Otter Tail pay dividends 2024?
Otter Tail pays dividends on a quarterly basis. 2024 dividend payments are in 2024-09-10. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Otter Tail increase its dividend in 2024?
Decisions regarding Otter Tail dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Otter Tail dividend overview you can look into the above table of dividend history.
How Otter Tail dividend works?
The Otter Tail dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Otter Tail's dividend process works:
1. Determination of Dividend: Otter Tail's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Otter Tail publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Otter Tail distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Otter Tail are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Otter Tail's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Otter Tail publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Otter Tail distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Otter Tail are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Otter Tail dividends paid?
Otter Tail dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Otter Tail sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Otter Tail distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Otter Tail declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Otter Tail sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Otter Tail distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Otter Tail declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Otter Tail pay dividends?
Otter Tail typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Otter Tail pay dividends?
The general pattern is that Otter Tail pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Otter Tail dividend safe?
The safety of Otter Tail's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Otter Tail's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Otter Tail's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Otter Tail's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Otter Tail's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.