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Otter Tail Corp. (OTTR) Passes Through 6% Yield Mark

By Dividend Channel Staff, Friday, November 4, 3:26 PM ET
Play Video: The Importance of Dividends

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In trading on Friday, shares of Otter Tail Corp. (NASDAQ:OTTR) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.19), with the stock changing hands as low as $19.58 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 you would have paid $78.27 per share. Fast forward to 5/31/2011 and each share was worth $80.78 on that date, a mere $2.51 or 3.2% increase over eleven years. But now consider that you collected a whopping $9.69 per share in dividends over the same period, increasing your return to 20.27%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.7%; so by comparison collecting a yield above 6% would appear considerably attractive if that yield is sustainable. Otter Tail Corp. (NASDAQ:OTTR) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.

In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Otter Tail Corp., looking at the history chart for OTTR below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 6% annual yield.

OTTR Dividend History
Date Div*
08/11/11 0.298
05/11/11 0.298
02/11/11 0.298
11/10/10 0.298
08/11/10 0.298
05/12/10 0.298
02/10/10 0.298
11/10/09 0.298
08/12/09 0.298
05/13/09 0.298
02/11/09 0.298
11/12/08 0.298
08/13/08 0.298
05/13/08 0.298
02/13/08 0.298
11/13/07 0.293
08/13/07 0.293
05/11/07 0.293
02/13/07 0.293
11/13/06 0.288
08/11/06 0.288
05/11/06 0.288
02/13/06 0.288
11/10/05 0.280
08/11/05 0.280
05/11/05 0.280
02/11/05 0.280
11/10/04 0.275
08/11/04 0.275
05/12/04 0.275
02/11/04 0.275
11/12/03 0.270
08/13/03 0.270
05/13/03 0.270
02/12/03 0.270
11/13/02 0.265
08/13/02 0.265
05/13/02 0.265
02/13/02 0.265
11/13/01 0.260
08/13/01 0.260
05/11/01 0.260
02/13/01 0.260
11/13/00 0.255
08/11/00 0.255
05/11/00 0.255
02/11/00 0.255
11/10/99 0.247
08/11/99 0.247
05/12/99 0.247
02/10/99 0.247
11/10/98 0.240
08/12/98 0.240
05/13/98 0.240
02/11/98 0.240
11/14/97 0.233
08/13/97 0.233
05/13/97 0.233
02/12/97 0.233
11/13/96 0.225
08/13/96 0.225
05/13/96 0.225
02/13/96 0.225
11/13/95 0.220
08/11/95 0.220
* Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company.

According to the ETF Finder at ETF Channel, OTTR makes up 1.10% of the Global Listed Private Equity Portfolio ETF (NYSE:PSP) which is trading lower by about 1.6% on the day Friday.

See what other ETFs contain OTTR
See what other stocks are held by PSP

OTTR operates in the Electric Utilities sector, among companies like Public Service Enterprise Group Inc. (NYSE:PEG) which is down about 1.2% today, and PG&E Corp. (NYSE:PCG) trading relatively unchanged. Below is a three month price history chart comparing the stock performance of OTTR, versus PEG and PCG.

OTTR,PEG,PCG Relative Performance Chart


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This Article's Word Cloud:   According   Channel   Corp   Friday   NYSE   OTTR   Otter   Portfolio   Russell   Tail   about   above   always   amounts   annual   asset   chart   companies   company   consider   data   designed   dividend   dividends   each   escape   fillColor   follow   have   history   investors   other   over   performance   period   portfolio   return   share   shares   stock   stocks   that   total   trading   what   whether   which   with   would   yield

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