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 2.32%.
OTTR has a dividend yield of 2.32% which is below the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 3.19%, Otter Tail's dividend yield is 27% lower. The current dividend yield is below the historical average of 2.7% 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 7% for the last twelve months. But with the price of the stock up by 13% from a year ago, the dividend yield has decreased by 5%.
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% |
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 62.3%, Otter Tail's payout ratio is 60% lower.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
NWE Northwestern Corp | 4.78% | $2.59 | 69.8% |
XEL Xcel Energy Inc | 3.44% | $2.16 | 64.6% |
LNT Alliant Energy Corp | 3.18% | $1.89 | 77.3% |
AEE Ameren Corp | 3.05% | $2.64 | 59.6% |
OTTR Otter Tail Corp | 2.31% | $1.84 | 24.7% |
MGEE Mge Energy Inc | 1.91% | $1.73 | 54.3% |
MDU Mdu Resources Group Inc | 1.74% | $0.51 | 25.1% |
Yes, Otter Tail has paid four dividends in the last twelve months. OTTR has been paying dividends since 1994.
Otter Tail's last dividend ex-date was on Aug 15, 2024. The dividend amount was $0.468 per share.
OTTR has paid dividend of $1.84 per share in the last year.
Currently Otter Tail's dividend yield is 2.32%.
Otter Tail pays four dividends per year.
Otter Tail's dividend payout ratio is 24.7%.
Otter Tail's dividend yield is below the Utilities sector average.
Special dividends are included in TTM DPS and yield. Data from and Sharadar.