OTTR - Dividend announcements

Otter Tail Corporation (NASDAQ:OTTR) announced today that its Board of Directors increased the company's quarterly common stock dividend to $0.5775 per share. The increase brings the annual indicated dividend rate to $2.31 per share, a $0.21, or 10 percent, increase over the 2025 rate. "Otter Tail Corporation continues to be in a position of financial strength, and for a second year in a row, we have announced a double-digit increase to our dividend," said President and CEO Chuck MacFarlane. "This level of increase reflects our commitment to delivering shareholder value and returning money to shareholders." 2026 will mark the 88th consecutive year dividends will be paid on common stock.

Otter Tail Power Company, a wholly owned subsidiary of Otter Tail Corporation (NASDAQ:OTTR), filed a request with the Minnesota Public Utilities Commission (PUC) to increase electric rates for its Minnesota customers. This request initiates an 18- to 24-month review process during which the PUC evaluates the company's costs for providing electric service and then sets rates in a manner the PUC deems reasonable for both the company providing the service and the customers who depend on it. "Our customers, employees, friends, and neighbors see the costs of goods and services going up all around us, and we know that's not easy," said Otter Tail Power President Tim Rogelstad. "We've taken a ha

Otter Tail Power Company, a wholly owned subsidiary of Otter Tail Corporation (NASDAQ:OTTR), filed a request with the South Dakota Public Utilities Commission (PUC) for permission to increase its electric rates. This request is a result of rising costs to maintain a safe and reliable system while meeting customers' growing electricity demand as economically as possible. "We understand rising electric costs can be challenging, and we remain focused on managing these increases through smart investments and streamlined operations that allow us to be one of the lowest-cost providers in the nation," said Otter Tail Power President Tim Rogelstad. "Our goal is to continue serving our customers w

Otter Tail Corporation (NASDAQ:OTTR) announced today that its Board of Directors increased the company's quarterly common stock dividend to $0.525 per share. The increase brings the annual indicated dividend rate to $2.10 per share, a $0.23, or 12.3 percent, increase over the 2024 rate. "Otter Tail Corporation ended 2024 in a position of financial strength, and the double-digit increase to our dividend reflects our commitment to delivering shareholder value," said President and CEO Chuck MacFarlane. "Going forward, we expect our annual dividend increase to approximate our long-term earnings per share growth rate target." 2025 will mark the 87th consecutive year dividends will be paid on

On December 30th, the North Dakota Public Service Commission (PSC) approved a $13.1 million net increase to Otter Tail Power Company's, a wholly-owned subsidiary of Otter Tail Corporation (NASDAQ:OTTR), electric service rates. While overall costs of living have increased since the company's last North Dakota rate review, filed in 2017, this average net increase of 6.18 percent keeps the company's electric service rates among the lowest in the nation. "We're committed to providing reliable, cost-effective electricity for our customers," said Otter Tail Power President Tim Rogelstad. "And because interim rates closely match final approved rates, customers won't see a significant bill impact

Continues to deliver reliable, low-cost power Otter Tail Power Company, a wholly-owned subsidiary of Otter Tail Corporation (NASDAQ:OTTR), plans to add two solar facilities to its energy generation fleet to meet customers' future energy needs. On December 9, 2024 the company requested Minnesota Public Utilities Commission determination that the costs associated with Solway Solar and Abercrombie Solar are eligible for cost recovery. "These economic solar facilities fit the requirements of our recently approved Minnesota Integrated Resource Plan," said Otter Tail Power President Tim Rogelstad. "Combined with our existing low-cost generation resources, they'll help us continue to provide c

Yesterday the Minnesota Public Utilities Commission (MPUC) approved Otter Tail Power's, a wholly-owned subsidiary of Otter Tail Corporation (NASDAQ:OTTR), resource plan containing many elements of the settlement between Otter Tail Power and other parties filed April 2, 2024, in the company's 2022-2036 Integrated Resource Plan docket. The MPUC decision: Allows Otter Tail Power to retain the reliability benefits of Coyote Station while running the portion of the plant used to serve the company's Minnesota customers for emergency purposes only. This will begin as soon as June 1, 2026, and end no later than 2031. At that time, the company's Minnesota customers will no longer use the capaci

Otter Tail Corporation (NASDAQ:OTTR) announced today the Board of Directors declared a quarterly common stock dividend of $0.4675 per share. The dividend is payable on June 10, 2024 to shareholders of record May 15, 2024. The corporation will issue a news release announcing first quarter 2024 financial results after the stock market closes on Monday, May 6, 2024 and has scheduled an earnings call for Tuesday, May 7, 2024 at 10:00 am CT. About Otter Tail Corporation: Otter Tail Corporation has interests in diversified operations that include an electric utility and manufacturing businesses. Otter Tail Corporation stock trades on the NASDAQ Global Select Market under the symbol OTTR. The

Otter Tail Corporation (NASDAQ:OTTR) announced today the Board of Directors increased the company's quarterly common stock dividend to $0.4675 per share. The increase brings the annual indicated dividend rate to $1.87 per share, a $0.12, or 6.9 percent, increase over the 2023 rate. The increase is in line with our stated long term earnings growth rate of 5 to 7 percent. 2024 will mark the 86th consecutive year dividends will be paid on common stock. The first quarter dividend is payable on March 8, 2024 to shareholders of record on February 15, 2024. The corporation will issue a news release announcing 2023 financial results after the stock market closes on Monday, February 12, 2024 and

Otter Tail Corporation (NASDAQ:OTTR) announced today the Board of Directors increased the company's quarterly common stock dividend to $0.4375 per share. The increase brings the annual indicated dividend rate to $1.75 per share, a $0.10 increase over the 2022 rate. The dividend is payable on March 10, 2023 to shareholders of record on February 14, 2023. This 6.1 percent increase demonstrates our strong commitment to our shareholders and shows the confidence the board of directors has in our ability to deliver sustainable earnings and cash flows. We expect future dividend increases to be in line with our stated long term earnings growth rate of 5-7% while maintaining a targeted payout ratio

Otter Tail Corporation (NASDAQ:OTTR) announced today the Board of Directors increased the company's quarterly common stock dividend to $0.4125 per share. The increase brings the annual indicated dividend rate to $1.65 per share, a $.09 increase over the 2021 rate. The dividend is payable on March 10, 2022 to shareholders of record on February 15, 2022. This 5.8 percent increase demonstrates our strong commitment to our shareholders and shows the confidence the board of directors has in our ability to deliver sustainable earnings and cash flows. We expect future dividend increases to be in line with earnings growth while maintaining a long-term targeted payout ratio in the range of 60 to 70

Board of Directors Declares Quarterly Dividend of $0.39 Per Share Otter Tail Corporation (NASDAQ:OTTR) today announced financial results for the quarter ended March 31, 2021. SUMMARY Consolidated operating revenues increased 11.5% to $261.7 million. Consolidated net income increased 25.0% to $30.3 million primarily driven by strong Plastics segment performance. Diluted earnings per share increased 21.7% to $0.73 per share. The corporation increases its 2021 diluted earnings per share guidance range to $2.47 to $2.62 reflecting a range of 5% to 12.0% growth off of 2020 reported $2.34. CEO OVERVIEW "Otter Tail Corporation employees achieved outstanding financial results in the fi

FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation (NASDAQ: OTTR) announced today the Board of Directors increased the company’s quarterly common stock dividend to $0.39 per share. The increase brings the annual indicated dividend rate to $1.56 per share, an $.08 increase over the 2020 rate. The dividend is payable on March 10, 2021 to shareholders of record on February 12, 2021. This 5.4 percent increase demonstrates our strong commitment to our shareholders and shows the confidence the board of directors has in our ability to deliver sustainable earnings and cash flows. We expect future dividend increases to be in line with earnings growth while maintaining a targeted p