Otter Tail Corporation (NASDAQ:OTTR) announced a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Wednesday, November 15th will be given a dividend of 0.32 per share by the utilities provider on Saturday, December 9th. This represents a $1.28 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, November 14th.

Shares of Otter Tail Corporation (NASDAQ:OTTR) opened at $45.60 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.93 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $1,803.82, a PE ratio of 25.33 and a beta of 0.81. Otter Tail Corporation has a fifty-two week low of $34.05 and a fifty-two week high of $47.45.

Otter Tail Corporation (NASDAQ:OTTR) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.06. The firm had revenue of $216.50 million during the quarter, compared to the consensus estimate of $201.70 million. Otter Tail Corporation had a return on equity of 10.47% and a net margin of 8.53%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. research analysts anticipate that Otter Tail Corporation will post 1.78 EPS for the current fiscal year.

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Several research firms recently weighed in on OTTR. Zacks Investment Research upgraded Otter Tail Corporation from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Tuesday, November 7th. BidaskClub upgraded shares of Otter Tail Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, KeyCorp reiterated a “hold” rating on shares of Otter Tail Corporation in a report on Friday, October 20th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.67.

In other Otter Tail Corporation news, CFO Kevin G. Moug sold 1,500 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $41.75, for a total value of $62,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

Otter Tail Corporation Company Profile

Otter Tail Corporation is a holding company. The Company operates through three segments: Electric, Manufacturing and Plastics. The Electric segment includes the production, transmission, distribution and sale of electric energy in Minnesota, North Dakota and South Dakota by Otter Tail Power Company (OTP).

Dividend History for Otter Tail Corporation (NASDAQ:OTTR)

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