Ormat Stock To Go Ex-dividend Tomorrow (ORA)

NEW YORK ( TheStreet) -- The ex-dividend date for Ormat Technologies (NYSE: ORA) is tomorrow, May 17, 2012. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $21.08 as of 9:30 a.m. ET, the dividend yield is 0.7%.

The average volume for Ormat has been 182,600 shares per day over the past 30 days. Ormat has a market cap of $999.5 million and is part of the utilities sector and utilities industry. Shares are up 17.5% year to date as of the close of trading on Tuesday.

Ormat Technologies, Inc., together with its subsidiaries, engages in the geothermal and recovered energy power business in the United States and internationally. The company operates in two segments, Electricity and Product.

TheStreet Ratings rates Ormat as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Ormat Ratings Report.

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