Ormat Technologies's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Ormat Technologies (NYSE:ORA) announced a quarterly dividend of 12 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning ORA by the end of Monday are eligible for the dividend, payable on March 20, 2024. The stock is expected to open 12 cents lower on the ex-dividend date.
February 29, 2024 | 2:45 pm
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Ormat Technologies announces a quarterly dividend of 12 cents per share, with an ex-dividend date this Tuesday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equal to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, ORA is expected to open 12 cents lower on the ex-dividend date, indicating a short-term negative impact on the stock price.
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