Ormat Technologies, Inc. (ORA) To Go Ex-Dividend on November 17th

Ormat Technologies, Inc. (NYSE:ORA) declared a quarterly dividend on Monday, November 3rd. Investors of record on Monday, November 17th will be given a dividend of 0.12 per share by the energy company on Monday, December 1st. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, November 17th.

Ormat Technologies has raised its dividend payment by an average of 0.0%per year over the last three years. Ormat Technologies has a dividend payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ormat Technologies to earn $2.18 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 22.0%.

Ormat Technologies Stock Performance

NYSE:ORA opened at $108.67 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.64 and a current ratio of 0.70. The stock has a 50-day simple moving average of $99.21 and a two-hundred day simple moving average of $87.93. The firm has a market capitalization of $6.60 billion, a PE ratio of 50.55, a P/E/G ratio of 4.84 and a beta of 0.69. Ormat Technologies has a 52-week low of $61.58 and a 52-week high of $113.25.

Ormat Technologies (NYSE:ORA) last posted its quarterly earnings data on Monday, November 3rd. The energy company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. The firm had revenue of $249.73 million for the quarter, compared to the consensus estimate of $235.03 million. Ormat Technologies had a return on equity of 5.47% and a net margin of 14.49%.The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 earnings per share. Ormat Technologies has set its FY 2025 guidance at EPS. Analysts forecast that Ormat Technologies will post 1.94 EPS for the current year.

About Ormat Technologies

Ormat Technologies, Inc engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, and internationally. It operates in three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity.