Otter Tail hikes dividend by 10%
The increase marks the 13th consecutive year of dividend growth for Otter Tail. In the prior year, the company raised its dividend by 12.3%, while the five-year compound annual growth rate stands at 8.2%. Based on a share price of $85.61, the dividend corresponds to a yield of approximately 2.7%. The ex-dividend date is February 13, 2026.
At the current rate, Otter Tail pays an annual dividend of approximately $97 million. The stock gained about 10% in 2025 and is up roughly 4% year-to-date. Over the past ten years, the shares have increased by approximately 205%.
Otter Tail Corporation operates as a diversified company with electric utility operations and manufacturing businesses serving industrial and infrastructure markets. More information is available on the website of Otter Tail Corporation.
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.