Open Text Corp (OTEX) Raises Dividend to $0.17 Per Share
Open Text Corp (TSE:OTEX) (NASDAQ:OTEX) declared a quarterly dividend on Thursday, November 2nd, Zacks reports. Stockholders of record on Friday, December 1st will be paid a dividend of 0.17 per share on Wednesday, December 20th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Thursday, November 30th. This is an increase from Open Text Corp’s previous quarterly dividend of $0.13.
Open Text Corp (OTEX) opened at C$42.26 on Friday. Open Text Corp has a 1 year low of C$38.65 and a 1 year high of C$48.28.
Separately, Macquarie cut their price target on shares of Open Text Corp from C$43.00 to C$40.00 in a report on Thursday. Six equities research analysts have rated the stock with a buy rating, Open Text Corp currently has an average rating of “Buy” and a consensus target price of C$43.57.
Open Text Corporation provides a platform and suite of software products and services that assist organizations in finding, utilizing, and sharing business information from any device. The Company designs, develops, markets and sells Enterprise Information Management (EIM) software and solutions. Its EIM offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Business Network, Discovery and Analytics.
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