Otter Tail Corp. Recognized Among Top Dividend Utility Stocks
Otter Tail Corp. (Symbol: OTTR) has achieved a spot on the Top 10 dividend-paying utility stock list, as reported by Dividend Channel in its latest ”DividendRank” report. This recognition highlights noteworthy valuation metrics and impressive profitability for OTTR shares. Furthermore, the report applauded the company’s consistent quarterly dividend payments and positive long-term growth rates in crucial financial indicators.
The report elaborated, ”Dividend investors aiming for value generally seek out robust, profitable companies that are trading at appealing valuations. Our proprietary DividendRank formula assists in identifying these stocks by evaluating profitability and valuation, thereby creating a list of top contenders that investors can explore further.”
Otter Tail Corp. currently distributes an annual dividend of $1.87 per share, paid quarterly. The most recent ex-dividend date was on November 15, 2024. Below is a chart illustrating the long-term dividend history of OTTR, which Dividend Channel emphasized as essential for future dividend assessments. A company’s past dividend record can provide valuable insight into the sustainability of its current dividends.
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