SmarterDividends
OTTR

Otter Tail Corporation

OTTR

Industrials · Conglomerates · Stock · quarterly payer

$90.13

Overvalued · -60% Add to Portfolio

Forward Yield

2.50%

Annual Dividend

$2.26

Payout Ratio

48%

5-Yr Growth

7.2%

Ex-Date

Aug 14, 2026

Frequency

Quarterly

Key facts about OTTR's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Otter Tail Corporation (OTTR) has a forward dividend yield of 2.50%, based on an annual dividend of $2.26 per share and a share price of $90.13.
  • As of Oct 18, 2026, OTTR's dividend safety grade from SmarterDividends is A (93 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Otter Tail Corporation (OTTR) has raised its dividend for 12 consecutive years as of Oct 18, 2026.
  • OTTR has never cut its regular dividend in the payment history SmarterDividends has on record.
  • OTTR's most recent ex-dividend date was Aug 14, 2026, for a dividend of $0.58 per share.
  • As of Oct 18, 2026, OTTR pays out 48% of its trailing 12-month earnings as dividends (its payout ratio).
  • OTTR's dividend has grown at an average rate of 7.2% a year over the past five years.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for OTTR is $36.24 per share, 60% below the $90.13 share price, so OTTR screens as overvalued.
  • Otter Tail Corporation (OTTR) pays its dividend quarterly, 4 times a year.
  • Otter Tail Corporation (OTTR) has raised its regular dividend 35 times and cut it 0 times across the 157 payments on record since 1987. Its most recent change was a 10.1% increase to $0.578 per share, going ex-dividend on Feb 13, 2026.
Cite this page

SmarterDividends, "OTTR Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/OTTR

Summary

As of Oct 18, 2026, Otter Tail Corporation (OTTR) yields 2.50% ($2.26 a year per share), has a dividend safety grade of A (93/100) and has 12 consecutive years of dividend increases on record.

Is OTTR a good dividend stock?

Yes

Otter Tail Corporation (OTTR) pays a quarterly dividend yielding 2.50% ($2.26/yr), with 12 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • 12 consecutive years of dividend growth
  • Never cut its dividend on record
  • Comfortable payout ratio (48%)
  • Strong 7.2% 5-yr dividend growth
  • Top-tier dividend safety score

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
2.50%
Payout Ratio
48%
Annual Dividend
$2.26
5-Yr Avg Growth
7.2%
Ex-Dividend Date
Aug 14, 2026
Years of Growth
12
Frequency
quarterly
Beta
0.45
Market Cap
$3.8B
P/E Ratio
19.5
5-Yr Total Return
38%
52-Week Range
$74.15 – $95.09
Dividend Safety
A · 93/100
Ever Cut?
No

OTTR dividend raises and cuts

Otter Tail Corporation (OTTR) has raised its regular dividend 35 times and cut it 0 times across the 157 payments on record since 1987. Its most recent change was a 10.1% increase to $0.578 per share, going ex-dividend on Feb 13, 2026.

Ex-dateChangeOld → newMove
Feb 13, 2026Raise$0.525 → $0.578+10.1%
Feb 14, 2025Raise$0.468 → $0.525+12.2%
Feb 14, 2024Raise$0.438 → $0.468+6.8%
Feb 13, 2023Raise$0.413 → $0.438+6.1%
Feb 14, 2022Raise$0.390 → $0.413+5.9%
Feb 11, 2021Raise$0.370 → $0.390+5.4%
Feb 13, 2020Raise$0.350 → $0.370+5.7%
Feb 14, 2019Raise$0.335 → $0.350+4.5%
Feb 14, 2018Raise$0.320 → $0.335+4.7%
Feb 13, 2017Raise$0.313 → $0.320+2.2%
Feb 10, 2016Raise$0.308 → $0.313+1.6%
May 13, 2015Raise$0.307 → $0.308+0.3%
Show all 35 changes since 1988
Ex-dateChangeOld → newMove
Feb 11, 2015Raise$0.303 → $0.307+1.3%
Feb 12, 2014Raise$0.297 → $0.303+2.0%
Feb 13, 2008Raise$0.293 → $0.298+1.7%
Feb 13, 2007Raise$0.288 → $0.293+1.7%
Feb 13, 2006Raise$0.280 → $0.288+2.9%
Feb 11, 2005Raise$0.275 → $0.280+1.8%
Feb 11, 2004Raise$0.270 → $0.275+1.9%
Feb 12, 2003Raise$0.265 → $0.270+1.9%
Feb 13, 2002Raise$0.260 → $0.265+1.9%
Feb 13, 2001Raise$0.255 → $0.260+2.0%
Feb 11, 2000Raise$0.248 → $0.255+3.0%
Feb 10, 1999Raise$0.240 → $0.248+3.1%
Feb 11, 1998Raise$0.233 → $0.240+3.2%
Feb 12, 1997Raise$0.225 → $0.233+3.3%
Feb 13, 1996Raise$0.220 → $0.225+2.3%
Feb 9, 1995Raise$0.215 → $0.220+2.3%
Feb 9, 1994Raise$0.210 → $0.215+2.4%
Feb 8, 1993Raise$0.205 → $0.210+2.4%
Feb 10, 1992Raise$0.200 → $0.205+2.5%
Feb 11, 1991Raise$0.195 → $0.200+2.6%
Feb 9, 1990Raise$0.190 → $0.195+2.6%
Feb 9, 1989Raise$0.185 → $0.190+2.7%
Feb 8, 1988Raise$0.183 → $0.185+1.4%
Every OTTR payment →Download every raise and cut (CSV)
OTTR ex-dividend date & scheduleNext ex-date Aug 14, 2026 · full ex-dividend historyView →OTTR dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is OTTR a good dividend stock?

Yes. Otter Tail Corporation (OTTR) pays a quarterly dividend yielding 2.50% ($2.26/yr), with 12 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is OTTR undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, OTTR's fair value is about $36.24 versus a $90.13 share price — so it looks overvalued (-60% vs. fair value).

Is OTTR's dividend safe?

OTTR has a dividend-safety grade of A (93/100), based on its payout coverage, free-cash-flow, 12-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is OTTR's fair value?

Our blended fair-value estimate for OTTR is about $36.24 per share, about 60% below the current $90.13 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is OTTR a buy, hold, or sell?

We don't issue formal ratings, but on the data OTTR screens as "yes" and overvalued. Otter Tail Corporation (OTTR) pays a quarterly dividend yielding 2.50% ($2.26/yr), with 12 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will OTTR cut its dividend?

OTTR earns a dividend-safety grade of A (93/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does OTTR pay a dividend?

Yes. Otter Tail Corporation pays a quarterly dividend of about $2.26 per share annually, a forward yield of roughly 2.50%.

What is OTTR's dividend yield?

As of Oct 18, 2026, OTTR's forward dividend yield is 2.50%, based on a $2.26 annual dividend and a $90.13 share price.

What is OTTR's dividend per share?

As of Oct 18, 2026, OTTR pays $2.26 per share per year, distributed on a quarterly basis.

What is OTTR's dividend payout ratio?

As of Oct 18, 2026, OTTR's payout ratio is 48% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has OTTR grown its dividend?

As of Oct 18, 2026, OTTR has increased its dividend for 12 consecutive years.

When is the next OTTR ex-dividend date?

As of Oct 18, 2026, OTTR's next ex-dividend date hasn't been announced. The most recent was Aug 14, 2026, for $0.58 per share.

Income Calculator

At $2.26 / yr per share

Per payment (quarterly)$56.50
Annual$226.00
Monthly avg$18.83

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