Otter Tail Corporation Increases Quarterly Dividend
Otter Tail Corporation (NASDAQ: OTTR) has raised its quarterly common stock dividend to $0.4125 per share, resulting in an annual indicated rate of $1.65, reflecting a $0.09 increase over 2021.
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This 5.8 percent increase demonstrates our strong commitment to our shareholders and shows the confidence the board of directors has in our ability to deliver sustainable earnings and cash flows. We expect future dividend increases to be in line with earnings growth while maintaining a long-term targeted payout ratio in the range of 60 to 70 percent.
This represents the 83rd year (333 consecutive quarters) dividends have been paid on common stock.
The corporation will issue a news release announcing year end 2021 financial results on
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