updated 2/3/2011 5:17:35 PM ET 2011-02-03T22:17:35

FARGO, N.D., Feb. 3, 2011 (GLOBE NEWSWIRE) -- Otter Tail Corporation (Nasdaq:OTTR) announced today that the Board of Directors declared a quarterly common dividend of $0.2975 cents per share, payable on March 10, 2011 to shareholders of record on February 15, 2011. This represents the 289th consecutive quarter that dividends have been paid on common stock.

The Board also declared quarterly dividends on the corporation's four series of preferred stock, payable March 1, 2011 to shareholders of record on February 15, 2011.

The corporation will issue a news release announcing 2010 financial results after the market close on February 7, 2011.

About The Corporation: Otter Tail Corporation has interests in diversified operations that include an electric utility and energy services company, wind energy and transportation, infrastructure businesses which include manufacturing, construction and plastics, health services and food ingredient processing. Otter Tail Corporation stock trades on the NASDAQ Global Select Market under the symbol OTTR. The latest investor and corporate information is available at www.ottertail.com. Corporate offices are located in Fergus Falls, Minnesota, and Fargo, North Dakota.

The Otter Tail Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4958

CONTACT: Investor contact:
         (800) 664-1259

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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