Otter Tail Corp (OTTR) Declares $0.4375 Quarterly Dividend; 2.5% Yield
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Otter Tail Corporation Announces Record Quarterly Earnings, Increases 2023 Earnings Guidance, Board of Directors Declares Quarterly Dividend of $0.4375 per Share
October 30, 2023 6:00 PM EDTFERGUS FALLS, Minn.--(BUSINESS WIRE)-- Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended September 30, 2023.
SUMMARY
Compared to the quarter ended September 30, 2022:
Consolidated operating revenues decreased 7% to $358 million. Consolidated net income increased 9% to $92 million. Diluted earnings per share increased 9% to $2.19 per share.CEO OVERVIEW
Otter Tail Corporation, through the combined efforts of our employees and our diversified business model, delivered record setting quarterly earnings, said President and CEO Chuck MacFarlane. Electric segment earnings were flat... More
