Otter Tail Corp (OTTR) Declares $0.335 Quarterly Dividend; 3% Yield

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Go back to Otter Tail Corp (OTTR) Declares $0.335 Quarterly Dividend; 3% Yield

Otter Tail Corporation Announces First Quarter Earnings; Increases 2018 Earnings Per Share Guidance Range from $1.80-$1.95 to $1.90-$2.05 Board of Directors Declared Quarterly Dividend on May 2, 2018

May 7, 2018 6:10 PM EDT

FERGUS FALLS, Minn., May 07, 2018 (GLOBE NEWSWIRE) -- Otter Tail Corporation (NASDAQ: OTTR) today announced financial results for the quarter ended March 31, 2018.

Summary:

Consolidated operating revenues were $241.3 million compared with $214.1 million for the first quarter of 2017.Consolidated net income and diluted earnings from continuing operations were $26.2 million and $0.66 per share, respectively, compared with $19.5 million and $0.49 per share for the first quarter of 2017.The corporation increases its 2018 earnings guidance range from $1.80-$1.95 to $1.90-$2.05 per diluted share.

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