By the end of today, August 30, 2023, Ormat Technologies ORA is set to deliver a dividend payout of $0.12 per share, equating to an annualized dividend yield of 0.59%. Shareholders who owned the stock prior to the ex-dividend date on August 15, 2023 will receive this payout.
Ormat Technologies Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-15 | 4 | $0.12 | 0.59% | 2023-08-02 | 2023-08-16 | 2023-08-30 |
| 2023-05-22 | 4 | $0.12 | 0.57% | 2023-05-09 | 2023-05-23 | 2023-06-06 |
| 2023-03-07 | 4 | $0.12 | 0.54% | 2023-02-22 | 2023-03-08 | 2023-03-22 |
| 2022-11-15 | 4 | $0.12 | 0.53% | 2022-11-02 | 2022-11-16 | 2022-11-30 |
| 2022-08-16 | 4 | $0.12 | 0.55% | 2022-08-03 | 2022-08-17 | 2022-08-31 |
| 2022-05-13 | 4 | $0.12 | 0.62% | 2022-05-02 | 2022-05-16 | 2022-05-31 |
| 2022-03-08 | 4 | $0.12 | 0.74% | 2022-02-23 | 2022-03-09 | 2022-03-23 |
| 2021-11-16 | 4 | $0.12 | 0.65% | 2021-11-03 | 2021-11-17 | 2021-12-03 |
| 2021-08-17 | 4 | $0.12 | 0.67% | 2021-08-04 | 2021-08-18 | 2021-09-01 |
| 2021-05-17 | 4 | $0.12 | 0.69% | 2021-05-05 | 2021-05-18 | 2021-06-01 |
| 2021-03-10 | 4 | $0.12 | 0.46% | 2021-02-24 | 2021-03-11 | 2021-03-29 |
| 2020-11-17 | 4 | $0.11 | 0.61% | 2020-11-03 | 2020-11-18 | 2020-12-02 |
When it comes to dividend yield, Ormat Technologies falls behind its industry peers, with Atlantica Sustainable AY boasting a higher annualized dividend yield of 7.76%.
Analyzing Ormat Technologies Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.44 to $0.48, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For Ormat Technologies
From 2019 to 2022, Ormat Technologies experienced a decrease in earnings per share, dropping from $1.73 to $1.31. This declining earnings trend may be worrisome for income-seeking investors, as it indicates a potential impact on the company's ability to sustain or increase its cash dividend payouts. Further analysis is necessary to understand the underlying reasons for this decrease.
Recap
This article delves into the recent dividend payout of Ormat Technologies and its implications for shareholders. Presently, the company is distributing a dividend of $0.12 per share, leading to an annualized dividend yield of 0.59%.
When it comes to dividend yield, Ormat Technologies falls behind its industry peers, with Atlantica Sustainable boasting a higher annualized dividend yield of 7.76%.
Given that Ormat Technologies has experienced an increase in dividend per share from 2019 to 2022 along with a decrease in earnings per share, it could indicate that the company is prioritizing dividend distribution to shareholders despite challenges in earnings growth.
It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.
[See current stock movements Ormat Technologies on Benzinga.](https://www.benzinga.com/quote/Ormat Technologies (NYSE: ORA))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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