Otter Tail Stock To Go Ex-dividend Tomorrow (OTTR)

NEW YORK ( TheStreet) -- The ex-dividend date for Otter Tail Corporation (Nasdaq: OTTR) is tomorrow, February 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $22.83 as of 9:32 a.m. ET, the dividend yield is 5.1%. The average volume for Otter Tail has been 106,800 shares per day over the past 30 days. Otter Tail has a market cap of $834 million and is part of the utilities sector and utilities industry. Shares are up 3.3% year to date as of the close of trading on Wednesday.

Otter Tail Corporation engages in electric and nonelectric operations in the United States and internationally. It operates in six segments: Electric, Plastics, Manufacturing, Health Services, Food Ingredient Processing, and Other Business Operations. The company has a P/E ratio of 37.4, below the average utilities industry P/E ratio of 193.4 and above the S&P 500 P/E ratio of 23.5.

TheStreet Ratings rates Otter Tail as hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Otter Tail Ratings Report.

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