Otter Tail Stock To Go Ex-dividend Tomorrow (OTTR)
The ex-dividend date for Otter Tail Corporation (Nasdaq:OTTR) is tomorrow, November 10, 2011. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $20.43 as of 9:48 a.m., the dividend yield is 6%.
NEW YORK ( TheStreet) -- The ex-dividend date for Otter Tail Corporation (Nasdaq: OTTR) is tomorrow, November 10, 2011. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $20.43 as of 9:48 a.m. ET, the dividend yield is 6%. The average volume for Otter Tail has been 185,000 shares per day over the past 30 days. Otter Tail has a market cap of $720.5 million and is part of the utilities sector and utilities industry. Shares are down 11.4% year to date as of the close of trading on Tuesday. 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 28.5, above the average utilities industry P/E ratio of 23 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Otter Tail as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Otter Tail Ratings Report. See our dividend calendar or top-yielding stocks list.