Customer stock purchase plan
Customers can become shareholders
Because Otter Tail Power Company is a division of Otter Tail Corporation, our retail electric customers may purchase stock in Otter Tail Corporation through our Customer Stock Purchase Plan.
Here's how it works
- Customers purchase common stock—without paying transaction charges or broker's fees—by adding their investment to their monthly electric service payments.
- For even more convenience, customers may purchase Otter Tail Corporation shares using Ready Check. Instead of writing monthly checks, they have investment amounts and electricity charges deducted automatically from their bank accounts.
- After a minimum initial investment of $100, customers may invest from $10 to $10,000 a month without brokerage fees. They add the amount to their electric service payment and write a note on their statement that says "for stock purchase." If they decide not to purchase stock in any month, they do nothing.
- Ready Check customers determine how much to invest each month when they enroll in the program.
The investment is easy to track
Shortly after each purchase, participants receive a statement showing the number of shares in their account.
Their investments grow because quarterly dividends are reinvested automatically to purchase additional shares.
Want to sign up?
- Otter Tail Power Company retail customers should email Shareholder Services at sharesvc@otpco.com or call them at 800-664-1259 to request an enrollment form.
- The Customer Stock Purchase Plan is only for Otter Tail Power Company customers. If you are not an Otter Tail Power Company customer but are interested in investing in Otter Tail Corporation, contact Shareholder Services at 800-664-1259 or your broker.
