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OTTR Otter Tail dividend history, payout ratio & dates

Otter Tail's latest dividend of $0.468 per share was on Aug 15, 2024 (ex-date). The annualized dividend distribution of $1.84 per share represents a current dividend yield of 2.34%.

Key dates

  • OTTR last dividend date: Aug 15, 2024
OTTR dividend stats
DPS
$1.84
Dividend yield
2.25%
Payout ratio
24.7%
vs. Utilities sector
Dividend yield
3.3%
Payout ratio
63.5%

Dividend yield

What is Otter Tail current dividend yield

OTTR has a dividend yield of 2.34% which is below the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 3.3%, Otter Tail's dividend yield is 29% lower. The current dividend yield is below the historical average of 2.7% of the last 5 years.

Dividend history

What is OTTR dividend payout history and dates

Otter Tail has a history of paying dividends since 1994. Our records of OTTR show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 7% for the last twelve months. And with the price of the stock down by 5% from a year ago, the dividend yield has increased by 12%.

Recent dividends

Ex-date Amount Yield (TTM)
Aug 15, 2024 $0.468 2.08%
May 14, 2024 $0.468 1.97%
Feb 14, 2024 $0.468 2.03%
Nov 14, 2023 $0.438 2.2%
Aug 14, 2023 $0.438 1.9%
May 12, 2023 $0.438 2.19%
Feb 13, 2023 $0.438 2.61%
Nov 14, 2022 $0.413 3.01%
Aug 12, 2022 $0.413 2%
May 12, 2022 $0.413 2.61%
Feb 14, 2022 $0.413 2.61%
Nov 12, 2021 $0.39 2.34%
Aug 12, 2021 $0.39 2.88%
May 13, 2021 $0.39 3.15%
Feb 11, 2021 $0.39 3.56%
Nov 12, 2020 $0.37 3.69%
Aug 13, 2020 $0.37 3.62%
May 14, 2020 $0.37 3.74%
Feb 13, 2020 $0.37 2.61%
Nov 14, 2019 $0.35 2.87%
Aug 14, 2019 $0.35 2.73%
May 14, 2019 $0.35 2.71%
Feb 14, 2019 $0.35 2.76%
Nov 14, 2018 $0.335 2.83%
Aug 14, 2018 $0.335 2.72%
May 14, 2018 $0.335 3.01%
Feb 14, 2018 $0.335 3.19%
Nov 14, 2017 $0.32 2.73%
Aug 11, 2017 $0.32 3.09%
May 11, 2017 $0.32 3.4%
Feb 13, 2017 $0.32 3.29%
Nov 10, 2016 $0.313 3.56%
Aug 11, 2016 $0.313 3.6%
May 11, 2016 $0.313 4.15%
Feb 10, 2016 $0.313 4.63%
Nov 10, 2015 $0.308 4.64%
Aug 12, 2015 $0.308 4.38%
May 13, 2015 $0.308 4.56%
Feb 11, 2015 $0.308 3.89%

Otter Tail dividend payout ratio

What is Otter Tail dividend payout ratio compared to the sector

Payout ratio

OTTR has a payout ratio of 24.7% which is lower than the Utilities sector, the industry and its peers average. In comparison with the Utilities sector average of 63.5%, Otter Tail's payout ratio is 61% lower.

Total amount of dividends paid per financial year (from cash flow)

OTTR dividend vs peer dividends

How does OTTR dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
MDU Mdu Resources Group Inc 84.89% $13.88 690.5%
NWE Northwestern Corp 4.87% $2.59 69.8%
LNT Alliant Energy Corp 3.32% $1.92 74.4%
XEL Xcel Energy Inc 3.28% $2.16 64.2%
AEE Ameren Corp 3.03% $2.64 59.6%
OTTR Otter Tail Corp 2.25% $1.84 24.7%
MGEE Mge Energy Inc 1.93% $1.73 54.3%

Frequently asked questions

Does Otter Tail pay a dividend?

Yes, Otter Tail has paid four dividends in the last twelve months. OTTR has been paying dividends since 1994.

When was OTTR's last dividend?

Otter Tail's last dividend ex-date was on Aug 15, 2024. The dividend amount was $0.468 per share.

How much dividend does Otter Tail pay (per share)?

OTTR has paid dividend of $1.84 per share in the last year.

What is Otter Tail's dividend yield?

Currently Otter Tail's dividend yield is 2.34%.

How often does Otter Tail pay dividends?

Otter Tail pays four dividends per year.

What is Otter Tail's dividend payout ratio?

Otter Tail's dividend payout ratio is 24.7%.

Does Otter Tail pay a good dividend?

Otter Tail's dividend yield is below the Utilities sector average.

Special dividends are included in TTM DPS and yield. Data from and Sharadar.