Adapting to Market Pressures: Ormat Technologies Supports Investors amidst Changing Profits
Portfolio Pulse from Benzinga Insights
Ormat Technologies (NYSE:ORA) has issued a dividend payout of $0.12 per share with an annualized yield of 0.75%. The dividend is for shareholders of record before November 21, 2023. Ormat's dividend yield is lower than industry peer NextEra Energy Partners (NYSE:NEP), which has a yield of 13.51%. Ormat's dividend per share has grown from $0.44 in 2019 to $0.48 in 2022, but its earnings per share have decreased from $1.73 in 2019 to $1.31 in 2022, raising concerns about the sustainability of future dividends.
December 06, 2023 | 3:05 pm
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POSITIVE IMPACT
NextEra Energy Partners has a higher annualized dividend yield of 13.51% compared to Ormat Technologies. This comparison may attract income-seeking investors towards NEP.
The mention of NextEra Energy Partners' significantly higher dividend yield in comparison to Ormat Technologies could make NEP more appealing to dividend investors in the short term, potentially leading to a positive impact on NEP's stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Ormat Technologies has declared a dividend of $0.12/share, with a yield of 0.75%. The company shows a pattern of increasing dividends but declining earnings, which could worry investors about future payouts.
While the dividend payout is a positive short-term event for shareholders, the declining earnings per share from 2019 to 2022 may lead to concerns about the sustainability of future dividends. This could result in a neutral short-term impact on the stock price as investors weigh the current payout against potential future risks.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80