Otter tail corporation increases quarterly dividend

Fergus falls, minn.--(business wire)--otter tail corporation (nasdaq: ottr) announced today the board of directors increased the company's quarterly common stock dividend to $0.4675 per share. the increase brings the annual indicated dividend rate to $1.87 per share, a $0.12, or 6.9 percent, increase over the 2023 rate. the increase is in line with our stated long term earnings growth rate of 5 to 7 percent. 2024 will mark the 86th consecutive year dividends will be paid on common stock. the fi.
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