Ormat Technologies: Dividend Insights
Portfolio Pulse from Benzinga Insights
Ormat Technologies (NYSE:ORA) has announced a quarterly dividend of 12 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders who own ORA as of the end of Monday's session are eligible to receive the dividend, which will be paid out on August 30, 2023.
August 10, 2023 | 2:45 pm
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Ormat Technologies has announced a quarterly dividend of 12 cents per share. This could lead to a short-term decrease in the stock price as it goes ex-dividend.
When a company announces a dividend, the stock price typically decreases by approximately the amount of the dividend on the ex-dividend date. This is because new buyers of the stock will not receive the upcoming dividend. In this case, Ormat Technologies has announced a dividend of 12 cents per share, which could lead to a short-term decrease in the stock price.
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