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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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
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