Otter Tail Power (OTTR) Posts Q3 EPS of $0.16, Shy of Views; Narrows FY10 EPS; Declares $0.2975 Quarterly Dividend; 5.7% Yield

Otter Tail Power (Nasdaq: OTTR) reports Q3 EPS of $0.16, versus the analyst estimate of $0.38. Revenue for the quarter was $280.67 million, which compares to the estimate of $274.10 million. Narrows FY10 EPS outlook from $0.70 - $1.00 to $0.70 - $0.85, versus the consensus of $0.80. The Board of Directors declared a quarterly common stock dividend of $0.2975 per share, $1.19 annualized. This dividend is payable December 10, 2010 to shareholders of record on November 15, 2010. The ex-dividend date is November 11, 2010. Yield on the dividend is 5.7%.... Read more

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