By the close of today, December 06, 2023, Ormat Technologies ORA will issue a dividend payout of $0.12 per share, resulting in an annualized dividend yield of 0.75%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on November 21, 2023.
Ormat Technologies Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-21 | 4 | $0.12 | 0.75% | 2023-11-08 | 2023-11-22 | 2023-12-06 |
| 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 |
Ormat Technologies's dividend yield is on the lower end compared to its industry peers, with NextEra Energy Partners NEP having a higher annualized dividend yield of 13.51%.
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
The company demonstrated a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $0.44 to $0.48. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For Ormat Technologies
The earnings chart highlights a decrease in Ormat Technologies's earnings per share, declining from $1.73 in 2019 to $1.31 in 2022. This decline in earnings raises a red flag for income-seeking investors, as it suggests a potential decrease in the company's ability to generate cash for dividend payouts. It is essential to closely examine the factors behind this decrease and assess the long-term impact on dividend sustainability.
Recap
In this article, we delve into Ormat Technologies's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.12 per share today, resulting in an annualized dividend yield of 0.75%.
Ormat Technologies's dividend yield is on the lower end compared to its industry peers, with NextEra Energy Partners having a higher annualized dividend yield of 13.51%.
The rising dividend per share and declining earnings per share of Ormat Technologies from 2019 to 2022 indicate a deliberate choice to prioritize dividend distribution over earnings performance.
It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
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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