Ormat Technologies, Inc. (ORA) to Issue Quarterly Dividend of $0.12 on September 2nd

Ormat Technologies, Inc. (NYSE:ORA) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Wednesday, August 19th will be paid a dividend of 0.12 per share by the energy company on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, August 19th.

Ormat Technologies has raised its dividend by an average of 0.0%annually over the last three years. Ormat Technologies has a dividend payout ratio of 18.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ormat Technologies to earn $2.58 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 18.6%.

Ormat Technologies Trading Up 0.1%

Ormat Technologies stock opened at $114.83 on Monday. The stock has a 50-day simple moving average of $113.62 and a 200 day simple moving average of $117.20. The stock has a market capitalization of $7.06 billion, a P/E ratio of 56.57, a PEG ratio of 4.55 and a beta of 0.90. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.00 and a current ratio of 1.05. Ormat Technologies has a 52 week low of $87.33 and a 52 week high of $146.39.

Ormat Technologies (NYSE:ORA) last released its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.24. Ormat Technologies had a return on equity of 6.61% and a net margin of 10.66%.The firm had revenue of $258.76 million for the quarter, compared to analyst estimates of $240.03 million. During the same quarter in the prior year, the company earned $0.48 earnings per share. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. Analysts expect that Ormat Technologies will post 2.52 earnings per share for the current year.

About Ormat Technologies

Ormat Technologies, Inc is a leading renewable energy company specializing in geothermal and recovered energy power plants. Through its vertically integrated business model, Ormat designs, develops, engineers, constructs, owns and operates clean energy projects worldwide. The company’s core technology centers on the Organic Rankine Cycle (ORC), which converts heat from geothermal sources or industrial waste streams into sustainable electricity without combustion.

Ormat’s offering includes turnkey power plant solutions, proprietary ORC equipment and ongoing operations and maintenance services.