SplitTrader.com Announces Investment Opinion on Otter Tail Power Company

Business Wire, Jan 31, 2000

Business Editors

NOTE TO EDITORS: The following is an investment opinion issued by

SplitTrader.com.

LITTLETON, Colo.--(BUSINESS WIRE)--Jan. 31, 2000

Power Company Increases Dividend, Calls for 2-for-1 Stock Split

Otter Tail Power Company (Nasdaq:OTTR), utility company of Minnesota and the Dakotas, approved a 2:1 stock split of common shares, along with boosting its quarterly dividend to $0.51, up from $0.495. Payable date for the split is March 15 for shareholders of record as of February 15. There are 11.9 million shares outstanding.

Otter Tail has produced and distributed electric power since 1907. They have a 50,000-square-mile service area, with over 125 thousand customers. This will be the Company's second split, the first being a 2:1 in 1988, near the share price of $40. Today's announcement came with the stock trading around $35, down from last October's high of $45.

With the Company's low share price and an average trading volume of 12.6 thousand shares on a daily basis, we don't anticipate adding them to our Recommended Split List any time soon, but we will continue to monitor trading of the stock.

Visit http://www.SplitTrader.com later today for a detailed profile on OTTR. For now, please click on the link below to view a chart on Otter Tail Power Company.

Chart = http://www.splittrader.com/charts/charts.asp?symbol=OTTR

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