Otter Tail dividend – Otter Tail Corp Declares 0.4375 Cash Dividend
May 28, 2023
Dividends Yield
On May 26, 2023, Otter Tail ($NASDAQ:OTTR) Corp declared a 0.4375 cash dividend, making it the third consecutive annual dividend per share of 1.68 USD, 1.65 USD, and 1.56 USD, respectively. Following these three years of dividends, OTTER TAIL has demonstrated a steady dividend yield from 2021 to 2023 of 2.55%, 2.56%, and 3.08%, with an average yield of 2.73%. With these attractive returns, investors looking for dividend stocks may want to consider adding OTTER TAIL to their list of considerations. Furthermore, the ex-dividend date is set for May 12, 2023, so investors have ample time to consider this option prior to the dividend’s payment date.
Market Price
The stock opened at $74.8 and closed at the same price, down by 0.2% from its previous closing price of $74.9. The news of the dividend announcement provided a boost to the company’s stock price, which saw a 0.2% increase in its closing price. This is in line with the company’s long-term strategy of providing regular dividend increases for its shareholders, which has helped it maintain a consistent performance over the years.
Investors can expect further dividend increases in the future, as the company remains committed to providing long-term shareholder value through its dividends policy. As such, Otter Tail Corp. has become a preferred stock pick among investors looking for a steady source of income through regular dividend payments. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Otter Tail. More…
| Total Revenues | Net Income | Net Margin |
| 1.42k | 274.66 | 19.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Otter Tail. More…
| Operations | Investing | Financing |
| 399.45 | -244 | -52.74 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Otter Tail. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.99k | 1.72k | 28.44 |
Key Ratios Snapshot
Some of the financial key ratios for Otter Tail are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.2% | 40.4% | 26.7% |
| FCF Margin | ROE | ROA |
| 11.2% | 19.2% | 8.0% |
Analysis
After conducting an analysis of OTTER TAIL’s wellbeing, GoodWhale has determined it to be a low-risk investment with regards to financial and business aspects. Although it may appear to be a safe investment, GoodWhale has detected one warning in the income sheet that is worth noting. We urge investors to register with us to investigate further. The risk warning is minor, but we recommend they register with us to be sure and comfortable with their decision to invest. More…
Peers
In the electric utility industry, there is intense competition between Otter Tail Corp and its competitors: NextEra Energy Inc, DTE Energy Co, Exelon Corp. These companies are all vying for market share in the electric utility industry.
– NextEra Energy Inc ($NYSE:NEE)
NextEra Energy Inc is a clean energy company with a market cap of 156.59B as of 2022. The company has a Return on Equity of 6.09%. NextEra Energy Inc is the world’s largest generator of renewable energy from the wind and sun. The company also owns Florida Power & Light Company, one of the nation’s largest electric utilities.
– DTE Energy Co ($NYSE:DTE)
DTE Energy Co is a publicly traded energy company headquartered in Detroit, Michigan. The company is involved in the generation, transmission, and distribution of electricity and natural gas. As of 2022, the company had a market capitalization of 21.77 billion dollars and a return on equity of 12.47%. The company is the largest provider of electricity and natural gas in Michigan, serving over 3 million customers.
– Exelon Corp ($NASDAQ:EXC)
Exelon Corp is a publicly traded company with a market capitalization of $36.95 billion as of 2022. The company has a return on equity of 11.0%. Exelon Corp is engaged in the generation, transmission, and distribution of electricity and natural gas. The company operates through four business segments: Exelon Generation, Exelon Utilities, Exelon Business Services, and Exelon Transmission.
Summary
OTTER TAIL is a good dividend stock to consider for investors looking for a reliable, steady income stream. Over the past three years, the company has issued an annual dividend per share of 1.68 USD, 1.65 USD, and 1.56 USD, respectively. Additionally, the company has maintained a consistent dividend yield over that time period of 2.55%, 2.56%, and 3.08%, with an average yield of 2.73%. This makes it a solid choice for those seeking to invest in dividend stocks.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
