Ormat Technologies, Inc. (NYSE:ORA) Updates On Quarterly Dividend


As per Ormat Technologies, Inc. (NYSE:ORA) statement on 2016-08-04, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.07 per share as dividend to stakeholders. The record date is set as 2016-08-16, the payout date as 2016-08-30 and the ex-dividend date is 2016-08-12.

Last fiscal Ormat Technologies, Inc. (NYSE:ORA) disbursed cash dividend of $0.07. A year ago, the payout was $0.07, which indicates a difference of 23.8095%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.07, implying -0.752% growth.

For the period ended on 2015-12-31, Ormat Technologies, Inc. (NYSE:ORA)’s earnings came at $0.49 per share compared to EPS of $0.46 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-11-01. For this quarter, the analysts have earnings estimate of $0.51 per share.

The interim price target for Ormat Technologies, Inc. (NYSE:ORA) is set at $45.333. This level is the mean price reached by averaging the stock views of 3 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Ormat Technologies, Inc. (NYSE:ORA) is seen at $54 and the lowest level is established at $40. This broad range highlights a standard deviation of $7.571 in reported estimates.

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