Ormat Technologies Inc. (ORA) Misses Q1 EPS by 21c; Reduces Qtr. Dividend 20%, Yields 0.7%
Ormat Technologies Inc. (NYSE: ORA) reported Q1 EPS of ($0.20), $0.21 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $97.8 million versus the consensus estimate of $89.86 million.
On May 4, 2011, Ormat's Board of Directors approved the payment of a quarterly dividend of $0.04 per share, $0.16 annualized. The dividend is a 20 percent reduction from the current rate of $0.05.
The dividend will be paid on May 25, 2011 to shareholders of record as of the close of business on May 18, 2011, with an ex-dividend date of May 16, 2011.
Yield on the dividend is 0.7 percent.
On May 4, 2011, Ormat's Board of Directors approved the payment of a quarterly dividend of $0.04 per share, $0.16 annualized. The dividend is a 20 percent reduction from the current rate of $0.05.
The dividend will be paid on May 25, 2011 to shareholders of record as of the close of business on May 18, 2011, with an ex-dividend date of May 16, 2011.
Yield on the dividend is 0.7 percent.