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Otter Tail (Otter Tail) 5-Year Dividend Growth Rate : 5.50% (As of Dec. 2023)


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What is Otter Tail 5-Year Dividend Growth Rate?

Otter Tail's Dividends per Share for the three months ended in Dec. 2023 was $0.44.

During the past 12 months, Otter Tail's average Dividends Per Share Growth Rate was 6.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Otter Tail was 5.70% per year. The lowest was -18.80% per year. And the median was 2.10% per year.

Otter Tail's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.32. As of today, Otter Tail's Dividend Yield % is 2.10%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Otter Tail's 5-Year Dividend Growth Rate

For the Utilities - Diversified subindustry, Otter Tail's 5-Year Dividend Growth Rate, along with its competitors' market caps and 5-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Otter Tail's 5-Year Dividend Growth Rate Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Otter Tail's 5-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Otter Tail's 5-Year Dividend Growth Rate falls into.



Otter Tail 5-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with least square regression.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Otter Tail  (NAS:OTTR) 5-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Otter Tail's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.438/ 1.37
=0.32

During the past 13 years, the highest Dividend Payout Ratio of Otter Tail was 0.79. The lowest was 0.24. And the median was 0.65.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Otter Tail Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.4682024-02-142024-02-152024-03-08Cash DividendquarterlyUSD:USD 1.000000
USD 0.4382023-11-142023-11-152023-12-08Cash DividendquarterlyUSD:USD 1.000000
USD 0.4382023-08-142023-08-152023-09-08Cash DividendquarterlyUSD:USD 1.000000
USD 0.4382023-05-122023-05-152023-06-09Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Otter Tail's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.782/84.58
=2.11 %

Current Share Price is $84.58.
Otter Tail's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.782.

During the past 13 years, the highest Dividend Yield of Otter Tail was 4.83%. The lowest was 1.79%. And the median was 3.07%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Otter Tail 5-Year Dividend Growth Rate Related Terms

Thank you for viewing the detailed overview of Otter Tail's 5-Year Dividend Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.


Otter Tail (Otter Tail) Business Description

Traded in Other Exchanges
Address
215 South Cascade Street, P.O. Box 496, Fergus Falls, MN, USA, 56538-0496
Otter Tail Corp is a U.S. energy company that primarily operates in the electric (produces and sells electricity), manufacturing (fabricates metal components), and plastics segments (pipes for water uses). The company primarily conducts its operations and acquires the majority of its revenue in the U.S. in the states of Minnesota, South Dakota, and North Dakota. The majority of the company's revenue is derived from the Electric segment and commercial customers, although it generates revenue from residential and industrial customers, as well.
Executives
John D Erickson director, officer: President & CEO 215 S CASCADE ST, FERGUS FALLS MN 56537
Mary E Ludford director 215 S CASCADE STREET, FERGUS FALLS MN 56537
Jeanne H Crain director 215 S CASCADE STREET, FERGUS FALLS MN 56537
Michael E Lebeau director 215 S CASCADE STREET, FERGUS FALLS MN 56537
Timothy J O'keefe director 215 S CASCADE ST, FERGUS FALLS MN 56537-2801
John S Abbott officer: Pres Varistar, Sr VP, M/I Plat 215 S CASCADE ST, FERGUS FALLS MN 56537-2801
Paul L Knutson officer: VP of Human Resources 215 S CASCADE ST, FERGUS FALLS MN 56537-2801
Kevin G Moug officer: CFO & Treasurer 215 S CASCADE ST, FERGUS FALLS MN 56537
Thomas J Webb director ONE ENERGY PLAZA, JACKSON MI 49201
Jennifer O. Smestad officer: VP, Gen Coun & Corp Sec 215 S. CASCADE STREET, FERGUS FALLS MN 56537
George A Koeck officer: Corp Secretary & Gen Counsel 215 S CASCADE ST, FERGUS FALLS MN 56537
Timothy J Rogelstad officer: Sr VP, Elect Plat; Pres OTP 215 S CASCADE ST, FERGUS FALLS MN 56537-2801
Steven L Fritze director 370 WBASHA ST NORTH, ST PAUL MN 55102
Arvid R Liebe director 215 S CASCADE ST, FERGUS FALLS MN 56537
Kathryn O Johnson director 215 S CASCADE STREET, FERGUS FALLS MN 56537-2801