Otter Tail dividend – Otter Tail Corporation Increases Quarterly Dividend by 6.1%, Yielding 2.7%

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Otter Tail dividend – Otter Tail ($NASDAQ:OTTR) Corporation is a diversified U.S. company that operates in several industries, including energy, healthcare, and manufacturing. This dividend will be payable on March 10th and will be ex-dividend on February 13th. This provides a current forward yield of 2.7%. For those interested in further exploring Otter Tail Corporation’s dividend program, the company provides a Dividend Scorecard and Yield Chart for review. The Dividend Scorecard tracks the company’s dividend rate over time, while the Yield Chart provides a snapshot of current market yields for the company stock relative to other stocks in the same sector.

Additionally, Otter Tail Corporation’s Dividend Growth page tracks the company’s year-over-year dividend growth rate to provide investors with an idea of how their investment’s returns may increase over time. With a current forward yield of 2.7%, investors can feel confident that their investment in Otter Tail Corporation will remain a sound choice for long-term growth.

Dividends – Otter Tail dividend

This increase in their dividend yields from 2020 to 2022 are 2.57%, 3.08%, and 3.4% respectively, with an average dividend yield of 3.02%. This makes Otter Tail Corporation a viable option for those looking for dividend stocks. Their financial stability and consistent dividend payment history make them a reliable long-term investment option. Investors should look at the financials of the company to determine if they are a good fit for their portfolio. Otter Tail Corporation is a diversified energy, manufacturing, and transportation company with a strong balance sheet and a long-term outlook. They have sufficient cash flow to support their dividends and have maintained healthy operating margins over the last few years.

The company is also focused on innovation and growth, with a focus on developing new products and services to meet consumer needs. They have invested in renewable energy technologies and are actively exploring ways to reduce their environmental impact. Their consistent dividend payment history and focus on innovation and growth make them a good long-term investment option. With their current dividend yield of 2.7%, Otter Tail Corporation could be a great addition to your portfolio.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Otter Tail. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Otter Tail. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Otter Tail. More…

Key Ratios Snapshot

Some of the financial key ratios for Otter Tail are shown below. More…

Market Price

On Friday, OTTER TAIL’s stock opened at $65.6 and closed at $66.1. The increase in the dividend is a sign of confidence in the company. It indicates that Otter Tail has a strong underlying financial performance and is committed to rewarding shareholders. The hike in the dividend rate also serves as an incentive for potential investors to buy the company’s stock. This move is expected to be a positive one, as it will enable shareholders to generate higher returns on their investments.

Furthermore, it will also help strengthen the balance sheet of the company and make it more attractive to potential investors. As part of its strategy, the company has been investing in new technologies and expanding its product offerings to remain competitive in the market. The increase in the quarterly dividend reflects the company’s commitment to its shareholders and its ability to remain profitable despite challenging market conditions. Overall, the 6.1% increase in the quarterly dividend is a testament to Otter Tail Corporation’s financial strength and provides a great opportunity for current and potential investors to benefit from the company’s success. Live Quote…

Analysis

GoodWhale’s analysis of OTTER TAIL‘s wellbeing shows that the company has a high health score of 8/10 considering its cashflows and debt. This means OTTER TAIL is capable to safely ride out any crisis without the risk of bankruptcy. OTTER TAIL is classified as a ‘gorilla’ – a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. The analysis of OTTER TAIL’s wellbeing has made it attractive to investors who are looking for dividend, growth, and medium asset, profitability. Investors seeking companies with a strong dividend, such as pension funds and retirees, may be particularly interested in OTTER TAIL because of its high health score and the fact it is classified as a ‘gorilla’. Similarly, investors who are looking for growth may also be drawn to OTTER TAIL, as companies with strong competitive advantages tend to be able to grow their revenue or earnings relatively quickly. Additionally, investors who are interested in companies with medium assets and profitability will be drawn to OTTER TAIL as it has a healthy balance sheet and a strong competitive advantage. Overall, GoodWhale’s analysis of OTTER TAIL’s wellbeing reveals that this company is an attractive option for many types of investors. The fact that OTTER TAIL has a high health score, is classified as a ‘gorilla’, and is strong in dividend, growth and medium in asset, profitability make it perfect for investors who are seeking a company that can provide stability and growth. 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 Corporation has increased its quarterly dividend by 6.1%, bringing the annual yield to 2.7%. This is an attractive dividend yield for investors, as it indicates a strong financial position and a commitment to return value to shareholders. Otter Tail has a history of reliable dividend payments and has seen increases in its stock price over the past few years, making it an attractive option for investors.

The company has a diversified portfolio of businesses ranging from energy to manufacturing, and is well-positioned to continue delivering reliable returns. With a strong financial performance and attractive dividend yield, Otter Tail Corporation is an attractive option for investors looking for long-term growth and income.