-

Otter Tail Corporation Increases Quarterly Dividend by 12 Percent

FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation (Nasdaq: OTTR) announced today that its Board of Directors increased the company’s quarterly common stock dividend to $0.525 per share. The increase brings the annual indicated dividend rate to $2.10 per share, a $0.23, or 12.3 percent, increase over the 2024 rate.

“Otter Tail Corporation ended 2024 in a position of financial strength, and the double-digit increase to our dividend reflects our commitment to delivering shareholder value,” said President and CEO Chuck MacFarlane. “Going forward, we expect our annual dividend increase to approximate our long-term earnings per share growth rate target.”

2025 will mark the 87th consecutive year dividends will be paid on common stock. The first quarter dividend is payable on March 10, 2025 to shareholders of record on February 14, 2025.

The corporation will issue a news release announcing 2024 financial results on Monday, February 17, 2025 and has scheduled an earnings call for Tuesday, February 18, 2025 at 10:00 a.m. CT.

About Otter Tail Corporation: Otter Tail Corporation has interests in diversified operations that include an electric utility and manufacturing businesses. Otter Tail Corporation stock trades on the NASDAQ Global Select Market under the symbol OTTR. The latest investor and corporate information is available at www.ottertail.com. Corporate offices are located in Fergus Falls, Minnesota, and Fargo, North Dakota.

Contacts

Media Contact: Stephanie Hoff, Director of Corporate Communications, (218) 739-8535
Investor Contact: Beth Eiken, Manager of Investor Relations, (701) 451-3571

Industry:

Otter Tail Corporation

NASDAQ:OTTR
Release Versions
English

Contacts

Media Contact: Stephanie Hoff, Director of Corporate Communications, (218) 739-8535
Investor Contact: Beth Eiken, Manager of Investor Relations, (701) 451-3571

More News From Otter Tail Corporation

Otter Tail Corporation Appoints Chris Clark and Steve Rasche to Board of Directors

FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation has appointed Mr. Chris Clark of Minnetonka, Minnesota, and Mr. Steve Rasche of St. Louis, Missouri, to the company’s Board of Directors, effective January 1, 2026. Outgoing Board Member Steve Fritze, who has served as an independent Board member since 2013, will serve his last day at the Company’s upcoming Annual Meeting of Shareholders in April 2026. Mr. Steve Fritze Nathan Partain, Board of Directors Chairman, stated, “We are grate...

Otter Tail Corporation Announces Third Quarter Earnings, Increases Annual Earnings Guidance and Uplifts Long-Term Financial Targets

FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended September 30, 2025. SUMMARY Produced diluted earnings per share of $1.86 in the third quarter of 2025. Increased the midpoint of the 2025 earnings guidance by $0.21 to $6.47. Updated our electric utility’s five-year rate base compounded annual growth rate to 10% from 9%. Increased our long-term earnings per share growth rate target to 7% to 9%. CEO OVERVIEW “We are...

Otter Tail Power Company Requests Minnesota Rate Increase

FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Power Company, a wholly owned subsidiary of Otter Tail Corporation (Nasdaq: OTTR), filed a request with the Minnesota Public Utilities Commission (PUC) to increase electric rates for its Minnesota customers. This request initiates an 18- to 24-month review process during which the PUC evaluates the company’s costs for providing electric service and then sets rates in a manner the PUC deems reasonable for both the company providing the service and...
Back to Newsroom