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Otter Tail increases quarterly dividend to 32 cents

Otter Tail Corp.'s board of directors increased its quarterly dividend to 32 cents per common share, payable March 10 to shareholders as of Feb. 15.

This brings the company's annual dividend to $1.28 per share, a 3-cent increase from 2016, according to a Feb. 2 news release.

Otter Tail plans to release its financial results Feb. 6.