Otter Tail Corporation announced on February 4, 2025, that its Board of Directors increased the company’s quarterly common stock dividend to $0.525 per share. This represents a significant increase from the previous rate of $0.4675 per share.
The increase brings the annual indicated dividend rate to $2.10 per share, marking a $0.23, or 12.3 percent, increase over the 2024 rate. This dividend is payable on March 10, 2025, to shareholders of record on February 14, 2025.
This dividend increase signifies the 87th consecutive year that Otter Tail Corporation will pay dividends on its common stock. The company expects its annual dividend increase to approximate its long-term earnings per share growth rate target.
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