Otter Tail's latest quarterly dividend of $0.438 per share was on Aug 14, 2023 (ex-date). The annualized dividend distribution of $1.73 per share represents a current dividend yield of 2.33%.
OTTR has a dividend yield of 2.33% which is below the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 3.86%, Otter Tail's dividend yield is 40% lower. The current dividend yield is below the historical average of 2.8% of the last 5 years.
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 20% from a year ago, the dividend yield has decreased by 12%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 |
OTTR has a payout ratio of 26.5% which is lower than the Utilities sector, the industry and its peers average. In comparison with the Utilities sector average of 65.1%, Otter Tail's payout ratio is 59% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| LNT Alliant Energy Corp | 3.84% | $1.79 | 68.4% |
| XEL Xcel Energy Inc | 3.71% | $2.05 | 64.6% |
| AEE Ameren Corp | 3.45% | $2.48 | 57.8% |
| MGEE Mge Energy Inc | 2.45% | $1.65 | 52.2% |
| OTTR Otter Tail Corp | 2.32% | $1.73 | 26.5% |
| MDU Mdu Resources Group Inc | 2.11% | $0.4 | 18.5% |
Yes, Otter Tail has paid four dividends in the last twelve months. OTTR has been paying dividends since 1994.
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 November 2023.
Otter Tail's last dividend ex-date was on Aug 14, 2023. The dividend amount was $0.438 per share.
OTTR has paid dividend of $1.73 per share in the last year.
Currently Otter Tail's dividend yield is 2.33%.
Otter Tail pays four dividends per year.
Otter Tail's dividend payout ratio is 26.5%.
Otter Tail's dividend yield is below the Utilities sector average.