Trailing Dividend / Share
$2.09
Otter Tail Corporation (OTTR) Dividend History
Income profile from 1987 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
2.4%
Payout Ratio
31.9%
Sustainable
Dividend Streak
12 years
OTTR Dividend Income Check
Safety
31.9% payout ratio with sustainable safety profile.
Consistency
12 straight years of dividend increases.
Income Trend
Yield on cost is 5.0% and trend is rising.
OTTR Dividend Scorecard
Yield & Income
Dividend Yield2.4%
Trailing DPS$2.09
FrequencyAnnual
Payments / 12M4
Payout Safety
Earnings Payout31.9%
Earnings SafetySustainable
FCF Payout4900.7%
FCF SafetyStretched
Piotroski F-Score4/9
Growth
Growth Streak12 years
3Y CAGR8.4%
5Y CAGR7.2%
Yield on Cost (5Y)5.0%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield2.4%
1Y Total Return17.9%
5Y Total Return98.1%
Div Contribution (5Y)18.6%
Estimated $10K growth (return + dividends):
5Y ago$19,80710Y ago$34,18520Y ago$38,492
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
OTTR Income Growth Story
Dividend per share and yield on cost over time (40 years of payments)
OTTR Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Otter Tail Corporation distributes 31.9% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 4900.7%, rated "Stretched".
Piotroski F-Score: 4/9 — moderate financial health.
Growth Track Record
OTTR has raised its dividend for 12 consecutive years, with a 3-year CAGR of 8.4% and 5-year CAGR of 7.2%.
Total Shareholder Returns
Beyond cash dividends, OTTR returns capital through share repurchases. The combined picture: 2.4% dividend yield, 2.4% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 5.0% and is currently rising. The 5-year total return is 98.1%, with dividends contributing 18.6% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $34,185 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
OTTR Recent Dividend Payments
Last 20 payments · Annual
TTM Total$9.12
Avg/Payment$0.4559
Latest Change+10.0%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Feb 13, 2026Latest | $0.5775 | ↑ +10.0% | 2.44% | Mar 10, 2026 |
| Nov 14, 2025 | $0.5250 | — | 2.53% | Dec 10, 2025 |
| Aug 15, 2025 | $0.5250 | — | 2.48% | Sep 10, 2025 |
| May 15, 2025 | $0.5250 | — | 2.52% | Jun 10, 2025 |
| Feb 14, 2025 | $0.5250 | ↑ +12.3% | 2.50% | Mar 10, 2025 |
| Nov 15, 2024 | $0.4675 | — | 2.33% | Dec 10, 2024 |
| Aug 15, 2024 | $0.4675 | — | 2.08% | Sep 10, 2024 |
| May 14, 2024 | $0.4675 | — | 1.97% | Jun 10, 2024 |
OTTR Dividend vs Peers
Comparable companies in the same industry
#7 yield in peer group
Div Yield
2.4%
#7 of 8
Safety
Sustainable
31.9% payout
Streak
12Y
7.2% 5Y CAGR
Total Shareholder
2.4%
#8 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| OTTROtter Tail Corporati… | $3.7B | 2.4% | 31.9% | 12 | Sustainable |
3rd  NWENorthwestern Energy … | $4.5B | 3.6% | 89.1% | 20 | At Risk |
1st  AVAAvista Corporation | $3.4B | 4.8% | 82.4% | 22 | Watch |
 MGEEMGE Energy, Inc. | $2.7B | 2.5% | 49.7% | 30 | Sustainable |
 BKHBlack Hills Corporat… | $5.7B | 3.6% | 67.9% | 10 | Watch |
 ALTGAlta Equipment Group… | $265M | 1.1% | — | 0 | Unknown |
2nd  ALEALLETE, Inc. | $3.9B | 4.1% | 90.8% | 13 | At Risk |
 IDAIDACORP, Inc. | $7.9B | 2.4% | 58.3% | 15 | Sustainable |
OTTR Annual Dividend History (1987–2026)
40 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.58 | — | 1 | — | — | — | 1.4% |
| 2025 | $2.10 | 12.3% | 4 | $6.55 | 32.1% | 3.12x | 5.0% |
| 2024 | $1.87 | 6.9% | 4 | $7.17 | 26.1% | 3.83x | 4.5% |
| 2023 | $1.75 | 6.1% | 4 | $7.00 | 25.0% | 4.00x | 4.2% |
| 2022 | $1.65 | 5.8% | 4 | $6.78 | 24.3% | 4.11x | 4.0% |
| 2021 | $1.56 | 5.4% | 4 | $4.23 | 36.9% | 2.71x | 3.7% |
| 2020 | $1.48 | 5.7% | 4 | $2.34 | 63.2% | 1.58x | 3.5% |
| 2019 | $1.40 | 4.5% | 4 | $2.17 | 64.5% | 1.55x | 3.4% |
| 2018 | $1.34 | 4.7% | 4 | $2.06 | 65.0% | 1.54x | 3.2% |
| 2017 | $1.28 | 2.4% | 4 | $1.82 | 70.3% | 1.42x | 3.1% |
See OTTR's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonOTTR — Frequently Asked Questions
Quick answers to the most common questions about buying OTTR stock.
How much dividend does OTTR pay per share?
Otter Tail Corporation (OTTR) pays a trailing 12-month dividend of $2.09 per share, with a current dividend yield of +2.4%. Payments are made Annual.
When is OTTR's next ex-dividend date?
OTTR's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. OTTR typically pays dividends Annual.
Is OTTR's dividend safe?
OTTR's dividend safety is rated "Sustainable" based on an earnings payout ratio of +31.9% and FCF payout ratio of +4900.7%. With 12 consecutive years of dividend growth, the track record supports sustainability.
Is OTTR a Dividend Achiever?
Yes, Otter Tail Corporation is classified as a Dividend Achiever with 12 consecutive years of dividend increases. The 5-year dividend CAGR is +7.2%, demonstrating above-inflation dividend growth.
How often does OTTR pay dividends?
Otter Tail Corporation pays dividends Annual. The trailing 12-month total is $2.09 per share. Dividend data on this page covers 39+ years from 1987 to 2026.
How much would $10,000 invested in OTTR grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in OTTR five years ago would be worth approximately $19,807 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is OTTR's yield on cost for long-term holders?
OTTR's yield on cost — the current dividend divided by the original purchase price — is +5.0% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.4% market yield, thanks to consistent dividend growth.