Otter Tail Corp (OTTR) Declares $0.3125 Quarterly Dividend; 3.6% Yield
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Otter Tail Corp (OTTR) Declares $0.3125 Quarterly Dividend; 3.6% Yield
August 9, 2016 8:18 AM EDTOtter Tail Corp (NASDAQ: OTTR) declared a quarterly dividend of $0.3125 per share, or $1.25 annualized.
The dividend will be payable on September 10, 2016, to stockholders of record on August 15, 2016, with an ex-dividend date of August 11, 2016.
The annual yield on the dividend is 3.6... More
Otter Tail Corp (OTTR) Tops Q2 EPS by 3c; Reaffirms
August 8, 2016 6:03 PM EDTOtter Tail Corp (NASDAQ: OTTR) reported Q2 EPS of $0.41, $0.03 better than the analyst estimate of $0.38. Revenue for the quarter came in at $203.5 million versus the consensus estimate of $194 million.
GUIDANCE:
Otter Tail Corp reaffirms FY2016 EPS of $1.50-$1.65.
Our team delivered broad-based and solid earnings growth for the second quarter of 2016 over the second quarter of 2015, said Otter Tail Corporation President and CEO Chuck MacFarlane. Our Manufacturing segment drove operating margin improvements while our Electric segment benefited from strong sales to pipeline customers and higher revenue from interim... More
