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

NEW YORK ( TheStreet) -- The ex-dividend date for Otter Tail Corporation (Nasdaq: OTTR) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $21.93 as of 9:30 a.m. ET, the dividend yield is 5.4%.

The average volume for Otter Tail has been 109,100 shares per day over the past 30 days. Otter Tail has a market cap of $794.7 million and is part of the utilities sector and utilities industry. Shares are down 0.8% 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 38.6, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Otter Tail as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Otter Tail Ratings Report.

See our dividend calendar or top-yielding stocks list.

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