Otter Tail Corp (OTTR) Misses Q3 EPS by 3c, Narrows FY11 Guidance, Declares $0.2975 Dividend
Otter Tail Corp (NASDAQ: OTTR) reported Q3 EPS of $0.17, $0.03 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $315.8 million versus the consensus estimate of $298.5 million.
Otter Tail Corp sees FY2011 EPS of $0.77-$1.19, versus prior guidance of $0.72-$1.30 and the consensus of $0.70.
On November 1, 2011 the Board of Directors declared a quarterly common stock dividend of $0.2975 per share. This dividend is payable December 10, 2011 to shareholders of record on November 15, 2011. The Board also declared quarterly dividends on the corporation's four series of preferred stock, payable December 1, 2011 to shareholders of record on November 15, 2011.
Otter Tail Corp sees FY2011 EPS of $0.77-$1.19, versus prior guidance of $0.72-$1.30 and the consensus of $0.70.
On November 1, 2011 the Board of Directors declared a quarterly common stock dividend of $0.2975 per share. This dividend is payable December 10, 2011 to shareholders of record on November 15, 2011. The Board also declared quarterly dividends on the corporation's four series of preferred stock, payable December 1, 2011 to shareholders of record on November 15, 2011.