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Otter Tail (OTTR) has 1 split in our OTTR split history database. The split for OTTR took place on March 16, 2000. This was a 2 for 1 split, meaning for each share of OTTR owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as Otter Tail splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the OTTR split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Otter Tail shares, starting with a $10,000 purchase of OTTR, presented on a split-history-adjusted basis factoring in the complete OTTR split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||11.53%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||10.15%|
|About Otter Tail|
|Otter Tail is a holding company. Through its subsidiaries, Co. is engaged in businesses classified into electric, manufacturing and plastics segments. Co.'s electric segment includes the production, transmission, distribution and sale of electric energy in Minnesota, North Dakota and South Dakota by its subsidiary. Co.'s manufacturing segment consists of contract machining, metal parts stamping, fabrication and painting, and production of plastic thermoformed horticultural containers, life science and industrial packaging, and material handling components. Co.'s plastics segment consists of businesses producing polyvinyl chloride pipe at plants in North Dakota and Arizona. According to our OTTR split history records, Otter Tail has had 1 split.|
|OTTR Split History Table|
|03/16/2000||2 for 1|
|Utilities Stock Splits|
|OTTR is categorized under the Utilities sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: OTTR shares outstanding history