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Otter Tail Corporation Declares Quarterly Dividend

FARGO, N.D., Feb. 4, 2013 (GLOBE NEWSWIRE) -- Otter Tail Corporation (Nasdaq:OTTR) announced today that the Board of Directors declared a quarterly common dividend of $0.2975 cents per share, payable on March 9, 2013 to shareholders of record on February 15, 2013. This represents the 297 th consecutive quarter that dividends have been paid on common stock.

The Board also declared quarterly dividends on the corporation's four series of preferred stock, payable March 1, 2013 to shareholders of record on February 15, 2013.  

The corporation will issue a news release announcing 2012 financial results after the market close on February 11, 2013.

A bout 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 www.ottertail.com . Corporate offices are located in Fergus Falls, Minnesota, and Fargo, North Dakota.

The Otter Tail Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4958

CONTACT: Investor Relations
         (800) 664-1259

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