GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ormat Technologies Inc (NYSE:ORA) » Definitions » 3-Year Dividend Growth Rate

Ormat Technologies (Ormat Technologies) 3-Year Dividend Growth Rate : 2.90% (As of Dec. 2023)


View and export this data going back to 2004. Start your Free Trial

What is Ormat Technologies 3-Year Dividend Growth Rate?

Ormat Technologies's Dividends per Share for the three months ended in Dec. 2023 was $0.12.

The historical rank and industry rank for Ormat Technologies's 3-Year Dividend Growth Rate or its related term are showing as below:

ORA' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -33.3   Med: 5   Max: 86.6
Current: 2.9

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Ormat Technologies was 86.60% per year. The lowest was -33.30% per year. And the median was 5.00% per year.

ORA's 3-Year Dividend Growth Rate is ranked worse than
58.91% of 129 companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.4 vs ORA: 2.90

During the past 3 years, the average Dividends Per Share Growth Rate was 2.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -0.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 13.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Ormat Technologies's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.18. As of today, Ormat Technologies's Dividend Yield % is 0.76%.

Good Sign:

Ormat Technologies Inc stock dividend yield is close to 5-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Ormat Technologies's 3-Year Dividend Growth Rate

For the Utilities - Renewable subindustry, Ormat Technologies's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ormat Technologies's 3-Year Dividend Growth Rate Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Ormat Technologies's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Ormat Technologies's 3-Year Dividend Growth Rate falls into.



Ormat Technologies 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Ormat Technologies  (NYSE:ORA) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Ormat Technologies's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.12/ 0.67
=0.18

During the past 13 years, the highest Dividend Payout Ratio of Ormat Technologies was 0.37. The lowest was 0.10. And the median was 0.25.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Ormat Technologies Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1202024-03-052024-03-062024-03-20Cash DividendquarterlyUSD:USD 1.000000
USD 0.1202023-11-212023-11-222023-12-06Cash DividendquarterlyUSD:USD 1.000000
USD 0.1202023-08-152023-08-162023-08-30Cash DividendquarterlyUSD:USD 1.000000
USD 0.1202023-05-222023-05-232023-06-06Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Ormat Technologies's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.48/63.25
=0.76 %

Current Share Price is $63.25.
Ormat Technologies's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.48.

During the past 13 years, the highest Dividend Yield of Ormat Technologies was 1.21%. The lowest was 0.14%. And the median was 0.65%.

Good Sign:

Ormat Technologies Inc stock dividend yield is close to 5-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Ormat Technologies 3-Year Dividend Growth Rate Related Terms>


Ormat Technologies (Ormat Technologies) Business Description

Traded in Other Exchanges
Address
6140 Plumas Street, Reno, NV, USA, 89519-6075
Ormat Technologies Inc is engaged in the geothermal energy power business. The company is engaged in three business segments: 1) Electricity Segment. where the company develops, builds, owns and operates geothermal, solar PV and recovered energy-based power plants in the United States and geothermal power plants in other countries and sell the electricity generated. 2) Product Segment includes designing, manufacturing and selling equipment for geothermal and recovered energy-based electricity generation and providing services relating to the engineering, procurement and construction of geothermal and recovered energy-based power plants. 3) Energy Storage Segment includes owning and operating grid-connected which provide capacity, energy and ancillary services directly to the electric grid.
Executives
Dafna Sharir director C/O AMPAL AMERICAN ISRAEL CORP, 111 ARLOZOROV STREET, TEL AVIV ISREL L3 00000
Isaac Angel officer: CEO Appointee 2099 GATEWAY PLACE, SUITE 600 CA 95110
Doron Blachar officer: CFO 6225 NEIL ROAD, RENO NV 89511
Stanley Stern director C/O THCG, INC, 650 MADISON AVENUE, 21ST FL, NEW YORK NY 10022
Orix Corp 10 percent owner WORLD TRADE CENTER BLDG., SOUTH TOWER, 2-4-1 HAMAMATSU-CHO, MINATO-KU, TOKYO M0 105 5135
Byron G. Wong director 2 TRAILS END, WESTPORT CT 06880
David Granot director 6225 NEIL ROAD, RENO NV 89511
Shimon Hatzir officer: VP, Elect. & Conceptual Engin. 6225 NEIL ROAD, SUITE 300, C/O ORMAT TECHNOLOGIES, INC., RENO NV 89511
Shlomi Argas officer: V.P., Projects 6225 NEIL ROAD, RENO NV 89511
Karin Corfee director 6140 PLUMAS STREET, RENO NV 89519
Michal Marom director 6140 PLUMAS STREET, RENO NV 89519
Dan Falk director 6225 NEIL ROAD, SUITE 300, C/O ORMAT TECHNOLOGIES, INC., RENO NV 89511
Jessica Woelfel officer: General Counsel and CCO 6140 PLUMAS STREET, RENO NV 89519
Mike Nikkel director 6140 PLUMAS STREET, RENO NV 89519
Zvi Krieger officer: VP, Geothermal Enginerring 6225 NEIL ROAD, SUITE 300, C/O ORMAT TECHNOLOGIES, INC., RENO NV 89511