Otter Tail raises quarterly dividend payout; shares rise

Shares of plastic pipe maker Otter Tail OTTR.O rise nearly 2.3% to about $83.2

Fergus Falls, Minnesota-based company increases quarterly dividend by 10% to about 57.8 cents per share

First-quarter dividend is payable on March 10 to shareholders of record on February 13

One of three brokerages rate the stock "buy" and two "hold"; their median PT is $83 — data compiled by LSEG

As of last close, shares up 9.9% over the past year