Ormat Technologies, Inc. Declares Quarterly Dividend, Payable on March 20, 2024; Provides Dividend Guidance for the Next Three Quarters
February 21, 2024 at 04:27 pm EST
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On February 21, 2024, the Board of Directors of Ormat Technologies, Inc. declared, approved, and authorized payment of a quarterly dividend of $0.12 per share pursuant to the Company?s dividend policy. The dividend will be paid on March 20, 2024, to stockholders of record as of the close of business on March 6, 2024.
The company provided dividend guidance for the next three quarters. The company expected to pay a quarterly dividend of $0.12 per share in each of the next three quarters.
Ormat Technologies, Inc. is a geothermal company that is engaged in geothermal and recovered energy generation (REG). The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter, a power generation unit that converts low, medium and high-temperature heat into electricity. It owns or has installed for utilities and developers worldwide, totaling approximately 3,200 megawatts (MW) of gross capacity. Its segments include Electricity Segment, Product Segment and Energy Storage Segment. Electricity segment develops, builds, owns, and operates geothermal and solar Photovoltaic (PV). Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation. Energy Storage segment owns and operates a grid connected In Front of the Meter (IFM) Battery Energy Storage System (BESS) facilities. Its portfolio includes 1,385 MW with 1,215 MW geothermal and solar generation.
ORMAT TECHNOLOGIES, INC. 
