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OTTR Otter Tail dividend history, payout ratio & dates

  1. Stocks
  2. Utilities
  3. NASDAQ: OTTR
  4. Dividend

Otter Tail's latest quarterly dividend of $0.468 per share was on May 14, 2024 (ex-date). The annualized dividend distribution of $1.81 per share represents a current dividend yield of 1.86%.

Key dates

  • OTTR last dividend date: May 14, 2024
  • OTTR next dividend date: Not announced
Peer dividends: XEL LNT MDU MGEE AEE
OTTR dividend stats
DPS
$1.81
Dividend yield
1.8%
Payout ratio
24.6%
vs. Utilities sector
Dividend yield
3.26%
Payout ratio
65.7%

Dividend yield

What is Otter Tail current dividend yield

OTTR has a dividend yield of 1.86% which is below the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 3.26%, Otter Tail's dividend yield is 43% 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 6% for the last twelve months. But with the price of the stock up by 16% from a year ago, the dividend yield has decreased by 8%.

Recent dividends

Ex-date Payment date Declared on Amount Type
May 14, 2024 Jun 10, 2024 May 3, 2024 $0.468 normal
Feb 14, 2024 Mar 8, 2024 Feb 5, 2024 $0.468 normal
Nov 14, 2023 Dec 8, 2023 Oct 30, 2023 $0.438 normal
Aug 14, 2023 Sep 8, 2023 Jul 31, 2023 $0.438 normal
May 12, 2023 Jun 9, 2023 May 1, 2023 $0.438 normal
Feb 13, 2023 Mar 10, 2023 Feb 3, 2023 $0.438 normal
Nov 14, 2022 Dec 9, 2022 Oct 31, 2022 $0.413 normal
Aug 12, 2022 Sep 9, 2022 Aug 1, 2022 $0.413 normal
May 12, 2022 Jun 10, 2022 May 2, 2022 $0.413 normal
Feb 14, 2022 Mar 10, 2022 Feb 4, 2022 $0.413 normal
Nov 12, 2021 Dec 10, 2021 Nov 1, 2021 $0.39 normal
Aug 12, 2021 Sep 10, 2021 Aug 2, 2021 $0.39 normal
May 13, 2021 Jun 10, 2021 May 3, 2021 $0.39 normal
Feb 11, 2021 Mar 10, 2021 Feb 2, 2021 $0.39 normal
Nov 12, 2020 Dec 10, 2020 Nov 2, 2020 $0.37 normal
Aug 13, 2020 Sep 10, 2020 Aug 3, 2020 $0.37 normal
May 14, 2020 Jun 10, 2020 May 5, 2020 $0.37 normal
Feb 13, 2020 Mar 10, 2020 Feb 4, 2020 $0.37 normal
Nov 14, 2019 Dec 10, 2019 Nov 4, 2019 $0.35 normal
Aug 14, 2019 Sep 10, 2019 Aug 5, 2019 $0.35 normal
May 14, 2019 Jun 10, 2019 May 3, 2019 $0.35 normal
Feb 14, 2019 Mar 9, 2019 Feb 5, 2019 $0.35 normal
Nov 14, 2018 Dec 10, 2018 Nov 5, 2018 $0.335 normal
Aug 14, 2018 Sep 10, 2018 Aug 2, 2018 $0.335 normal
May 14, 2018 Jun 9, 2018 May 2, 2018 $0.335 normal
Feb 14, 2018 Mar 10, 2018 Feb 5, 2018 $0.335 normal
Nov 14, 2017 Dec 9, 2017 Nov 1, 2017 $0.32 normal
Aug 11, 2017 Sep 9, 2017 Aug 3, 2017 $0.32 normal
May 11, 2017 Jun 10, 2017 May 1, 2017 $0.32 normal
Feb 13, 2017 Mar 10, 2017 Feb 2, 2017 $0.32 normal
Nov 10, 2016 Dec 10, 2016 Nov 1, 2016 $0.313 normal
Aug 11, 2016 Sep 10, 2016 Aug 5, 2016 $0.313 normal
May 11, 2016 Jun 10, 2016 May 2, 2016 $0.313 normal

Otter Tail dividend payout ratio

What is Otter Tail dividend payout ratio compared to the sector

Payout ratio

OTTR has a payout ratio of 24.6% which is lower than the Utilities sector, the industry and its peers average. In comparison with the Utilities sector average of 65.7%, Otter Tail's payout ratio is 63% 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
XEL Xcel Energy Inc 3.72% $2.14 64.1%
AEE Ameren Corp 3.33% $2.6 59.6%
LNT Alliant Energy Corp 3.33% $1.87 67.8%
MGEE Mge Energy Inc 1.98% $1.71 51.5%
MDU Mdu Resources Group Inc 1.84% $0.5 21.3%
OTTR Otter Tail Corp 1.8% $1.81 24.6%

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 is Otter Tail's next dividend?

At this point we don't have a record of OTTR's next dividend date, but based on the current dividend schedule we project that it will likely be in August 2024.

When was OTTR's last dividend?

Otter Tail's last dividend ex-date was on May 14, 2024. The dividend amount was $0.468 per share.

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

OTTR has paid dividend of $1.81 per share in the last year.

What is Otter Tail's dividend yield?

Currently Otter Tail's dividend yield is 1.86%.

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 24.6%.

Does Otter Tail pay a good dividend?

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