Otter Tail Corporation (NASDAQ:OTTR) announced a quarterly dividend on Friday, August 4th, Wall Street Journal reports. Stockholders of record on Tuesday, August 15th will be paid a dividend of 0.32 per share by the utilities provider on Saturday, September 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, August 11th.
Shares of Otter Tail Corporation (NASDAQ:OTTR) traded down 0.49% during midday trading on Friday, hitting $40.45. The stock had a trading volume of 58,887 shares. Otter Tail Corporation has a 52 week low of $32.99 and a 52 week high of $42.55. The stock has a 50 day moving average price of $40.22 and a 200-day moving average price of $38.74. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 23.53 and a beta of 0.78.
Several research analysts have recently issued reports on OTTR shares. Zacks Investment Research lowered Otter Tail Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. BidaskClub lowered Otter Tail Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd.
In other news, CFO Kevin G. Moug sold 800 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $37.25, for a total value of $29,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.40% of the stock is owned by company insiders.
About Otter Tail Corporation
Otter Tail Corporation is a holding company. The Company operates through three segments: Electric, Manufacturing and Plastics. The Electric segment includes the production, transmission, distribution and sale of electric energy in Minnesota, North Dakota and South Dakota by Otter Tail Power Company (OTP).
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