Ormat Technologies, Inc. (NYSE:ORA) will begin trading ex-dividend on November 17, 2020. The quarterly dividend payment of $ 0.11 per share is scheduled to be paid on December 2, 2020. The dividend yield based on the latest trading day closing price was 0.55 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 17, 2020.
Dividends History
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Ormat Technologies, Inc. recently reported third quarter financial results on November 3, 2020, after market close, the Reno based company outlined income for the third quarter of $ 0.31 per share, from the revenue of $ 158.95 million. The quarterly earnings surged 3.33 percent while revenues down 6.77 percent compared with the same quarter last year.
Wall street analysts are predicting, ORA to report 3Q20 income of $ 0.27 per share from revenue of $ 162.47 million. The bottom line results beat street analysts by $ 0.04 or 14.81 percent, at the same time, top line results fell short of analysts by $ 3.52 million or 2.17 percent.
Stock Performance
On Friday, shares of Ormat Technologies, Inc. has traded high as $ 80.19 and has cracked $ 78.76 on the downward trend, reaching $ 79.96 with volume of 335.60 thousand shares.
According to the previous trading day, closing price of $ 79.96, representing a 47.87 % increase from the 52 week low of $ 53.44 and a 9.25 % decrease over the 52 week high of $ 87.07.
The company has a market capital of $ 4.08 billion and is part of the Utilities sector and Utilities – Independent Power Producers industry.
Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, New Zealand, and internationally. The company operates through three segments: Electricity, Product, and Other.
