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Understanding Ormat Technologies's Ex-Dividend Date

On November 3, 2020, Ormat Technologies (NYSE: ORA) announced shareholders can expect to receive a dividend payable on December 2, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. Ormat Technologies, which has a current dividend per share of $0.11, has an ex-dividend date scheduled for November 17, 2020. That equates to a dividend yield of 0.61% at current price levels.

Understanding Ex-Dividend Dates'

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Ormat Technologies's Dividend Payouts And Yields

Over the past year, Ormat Technologies has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on November 19, 2019 the company's payout was $0.11, which has returned to its value today. Ormat Technologies's dividend yield last year was 0.58%, which has since grown by 0.03%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

To read more news on Ormat Technologies click here.

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