Navigating Challenges and Investor Rewards: Ormat Technologies Ensures Steady Distribution amidst Changing Profits
Portfolio Pulse from Benzinga Insights
Ormat Technologies (NYSE:ORA) is set to deliver a dividend payout of $0.12 per share, equating to an annualized dividend yield of 0.59%. The company has seen a growth in its dividend per share from $0.44 to $0.48 from 2019 to 2022, but a decrease in earnings per share from $1.73 to $1.31. Atlantica Sustainable (NASDAQ:AY) has a higher annualized dividend yield of 7.76%.
August 30, 2023 | 3:05 pm
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NEUTRAL IMPACT
Ormat Technologies is set to deliver a dividend payout, despite a decrease in earnings per share. The company has seen a growth in its dividend per share.
The company's decision to continue with the dividend payout despite a decrease in earnings per share shows a commitment to shareholder returns. However, the decrease in earnings could impact the company's ability to sustain this in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Atlantica Sustainable has a higher annualized dividend yield of 7.76% compared to Ormat Technologies.
The higher annualized dividend yield of Atlantica Sustainable compared to Ormat Technologies could make it more attractive to income-seeking investors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50