{"id":808709,"date":"2025-02-04T15:33:02","date_gmt":"2025-02-04T20:33:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/otter-tail-corporation-increases-quarterly-dividend-by-12-percent\/"},"modified":"2025-02-04T15:33:02","modified_gmt":"2025-02-04T20:33:02","slug":"otter-tail-corporation-increases-quarterly-dividend-by-12-percent","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/otter-tail-corporation-increases-quarterly-dividend-by-12-percent\/","title":{"rendered":"Otter Tail Corporation Increases Quarterly Dividend by 12 Percent"},"content":{"rendered":"

<\/p>\n

Otter Tail Corporation Increases Quarterly Dividend by 12 Percent<\/b><\/p>\n

FERGUS FALLS, Minn.–(BUSINESS WIRE<\/a>)–
\nOtter Tail Corporation (Nasdaq: OTTR) announced today that its Board of Directors increased the company\u2019s 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.<\/p>\n

\n\u201cOtter 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,\u201d said President and CEO Chuck MacFarlane. \u201cGoing forward, we expect our annual dividend increase to approximate our long-term earnings per share growth rate target.\u201d<\/p>\n

\n2025 will mark the 87th consecutive year dividends will be paid on common stock. The first quarter dividend is payable on March 10, 2025 to shareholders of record on February 14, 2025.<\/p>\n

\nThe corporation will issue a news release announcing 2024 financial results on Monday, February 17, 2025 and has scheduled an earnings call for Tuesday, February 18, 2025 at 10:00 a.m. CT.<\/p>\n

About Otter Tail Corporation:<\/b> 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 latest investor and corporate information is available at www.ottertail.com<\/a>. Corporate offices are located in Fergus Falls, Minnesota, and Fargo, North Dakota.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250204422675\/en\/<\/a><\/span><\/p>\n

Media Contact:<\/b> Stephanie Hoff, Director of Corporate Communications, (218) 739-8535
\n
Investor Contact:<\/b> Beth Eiken, Manager of Investor Relations, (701) 451-3571<\/p>\n

KEYWORDS:<\/b> North Dakota Minnesota United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Energy Other Manufacturing Utilities Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
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Otter Tail Corporation Increases Quarterly Dividend by 12 Percent FERGUS FALLS, Minn.–(BUSINESS WIRE)– Otter Tail Corporation (Nasdaq: OTTR) announced today that its Board of Directors increased the company\u2019s 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. \u201cOtter 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,\u201d said President and CEO Chuck MacFarlane. \u201cGoing forward, we expect our annual dividend increase to approximate our long-term earnings per share growth rate target.\u201d 2025 will mark the 87th consecutive year dividends will be paid on common … <\/p>\n

Continue reading “Otter Tail Corporation Increases Quarterly Dividend by 12 Percent”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-808709","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nOtter Tail Corporation Increases Quarterly Dividend by 12 Percent - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/otter-tail-corporation-increases-quarterly-dividend-by-12-percent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Otter Tail Corporation Increases Quarterly Dividend by 12 Percent - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Otter Tail Corporation Increases Quarterly Dividend by 12 Percent FERGUS FALLS, Minn.–(BUSINESS WIRE)– Otter Tail Corporation (Nasdaq: OTTR) announced today that its Board of Directors increased the company\u2019s 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. \u201cOtter 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,\u201d said President and CEO Chuck MacFarlane. \u201cGoing forward, we expect our annual dividend increase to approximate our long-term earnings per share growth rate target.\u201d 2025 will mark the 87th consecutive year dividends will be paid on common … Continue reading "Otter Tail Corporation Increases Quarterly Dividend by 12 Percent"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/otter-tail-corporation-increases-quarterly-dividend-by-12-percent\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-04T20:33:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250204422675r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/otter-tail-corporation-increases-quarterly-dividend-by-12-percent\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/otter-tail-corporation-increases-quarterly-dividend-by-12-percent\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Otter Tail Corporation Increases Quarterly Dividend by 12 Percent\",\"datePublished\":\"2025-02-04T20:33:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/otter-tail-corporation-increases-quarterly-dividend-by-12-percent\\\/\"},\"wordCount\":272,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/otter-tail-corporation-increases-quarterly-dividend-by-12-percent\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20250204422675r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/otter-tail-corporation-increases-quarterly-dividend-by-12-percent\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/otter-tail-corporation-increases-quarterly-dividend-by-12-percent\\\/\",\"name\":\"Otter Tail Corporation Increases Quarterly Dividend by 12 Percent - 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