Otter Tail Corporation Increases Quarterly Dividend

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FARGO, N.D., Feb. 3, 2014 (GLOBE NEWSWIRE) -- Otter Tail Corporation (Nasdaq:OTTR) announced today the Board of Directors increased the company's quarterly common stock dividend to $0.3025 per share. The increase brings the annual indicated dividend rate to $1.21 per share, a $.02 increase over the 2013 rate. The dividend is payable on March 10, 2014 to shareholders of record on February 14, 2014.

This represents the 301st consecutive quarter dividends have been paid on common stock.

The corporation will issue a news release announcing year end 2013 financial results after the market close on February 10, 2014.

About Otter Tail Corporation: Otter Tail Corporation has interests in diversified operations that include an electric utility, manufacturing and infrastructure businesses. Otter Tail Corporation stock trades on the NASDAQ Global Select Market under the symbol OTTR. The latest investor and corporate information is available at Corporate offices are located in Fergus Falls, Minnesota, and Fargo, North Dakota.

CONTACT: Investor Relations (800) 664-1259

Source:Otter Tail Corporation