Otter Tail Corp (OTTR) Declares $0.32 Quarterly Dividend; 2.8% Yield
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Otter Tail Corporation Announces Third Quarter Earnings; Raises 2017 Earnings Guidance to be in the Range of $1.75 to $1.85; Board of Directors Declares Quarterly Dividend
November 1, 2017 6:30 PM EDTFERGUS FALLS, Minn., Nov. 01, 2017 (GLOBE NEWSWIRE) -- Otter Tail Corporation (NASDAQ: OTTR) today announced financial results for the quarter ended September 30, 2017.
Summary:
Consolidated operating revenues were $216.5 million compared with $197.2 million for the third quarter of 2016.Consolidated net income and diluted earnings from continuing operations totaled $17.8 million and $0.45 per share, respectively, compared with $14.6 million and $0.37 per share for the third quarter of 2016.Otter Tail Corporation raises its 2017 earnings guidance to be in the range of $1.75 to $1.85 per diluted share driven by strong performance in our Plastics segment.... More