FARGO, N.D., Feb. 3, 2015 (GLOBE NEWSWIRE) -- Otter Tail Corporation (Nasdaq:OTTR) announced today the Board of Directors increased the company's quarterly common stock dividend to $0.3075 per share. The increase brings the annual indicated dividend rate to $1.23 per share, a $0.02 increase over the 2014 rate. The dividend is payable on March 10, 2015 to shareholders of record on February 13, 2015.
This represents the 305th consecutive quarter dividends have been paid on common stock and the increase reflects our strategy of sharing our earnings growth with our shareholders, while also retaining capital to support investment opportunities that create long-term value.
The corporation will issue a news release announcing year end 2014 financial results after the market close on February 09, 2015.
About Otter Tail Corporation: Otter Tail Corporation has interests in diversified operations that include an electric utility and 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 www.ottertail.com. Corporate offices are located in Fergus Falls, Minnesota, and Fargo, North Dakota.
CONTACT: Investor Relations (800) 664-1259
Source:Otter Tail Corporation