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OTTR Otter Tail dividend history, payout ratio & dates

Otter Tail's latest quarterly dividend of $0.413 per share was on Aug 12, 2022 (ex-date). The annualized dividend distribution of $1.63 per share represents a current dividend yield of 2.54%. The latest OTTR payment of $0.413 marks a dividend change of -0.1%.

Key dates

  • OTTR last dividend date: Aug 12, 2022
  • OTTR next dividend date: Not announced
OTTR dividend stats
DPS
$1.63
Dividend yield
2.54%
Payout ratio
25.8%
vs. Utilities sector
Dividend yield
3.24%
Payout ratio
63.5%

Dividend yield

What is Otter Tail current dividend yield

OTTR has a dividend yield of 2.54% which is below the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 3.24%, Otter Tail's dividend yield is 22% lower. The current dividend yield is below the historical average of 2.9% 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 12% from a year ago, the dividend yield has decreased by 5%.

Recent dividends

Ex-date Payment date Declared on Amount Type
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 25.8% 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 59% 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
LNT Alliant Energy Corp 3.18% $1.69 60.9%
MDU Mdu Resources Group Inc 3.02% $0.87 53.8%
XEL Xcel Energy Inc 2.99% $1.92 63.9%
AEE Ameren Corp 2.85% $2.32 59.2%
OTTR Otter Tail Corp 2.54% $1.63 25.8%
MGEE Mge Energy Inc 2.35% $1.57 54.6%

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 November 2022.

When was OTTR's last dividend?

Otter Tail's last dividend ex-date was on Aug 12, 2022. The dividend amount was $0.413 per share.

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

OTTR has paid dividend of $1.63 per share in the last year.

What is Otter Tail's dividend yield?

Currently Otter Tail's dividend yield is 2.54%.

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 25.8%.

Does Otter Tail pay a good dividend?

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