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OTTR - Otter Tail: Richly Valued On Richer Dividend Growth
Otter Tail Corporation
My investment thesis on Otter Tail (OTTR) is based on its commitment to dividend growth supported by the sector's growth demands and the company's rate base plans. As well, Otter Tail differentiates itself from many utilities with its diversification. By design, it intends to offer a secure and growing dividend through the electric utility segment's earnings. Earnings from its manufacturing and plastics segments are intended to cover corporate costs and drive share price appreciation.
Otter Tail reported 2019 fourth quarter and full-year results on Feb. 17. Net income in the electric segment increased