Open Text Corp. (TSE:OTC – Get Free Report) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.355 per share on Friday, December 20th. This represents a $1.42 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Thursday, November 28th. This is an increase from Open Text’s previous quarterly dividend of $0.26.
Open Text Price Performance
Open Text (TSE:OTC – Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported C$1.24 EPS for the quarter, missing the consensus estimate of C$1.28 by C($0.04). The business had revenue of C$1.86 billion during the quarter, compared to analyst estimates of C$1.93 billion.
Analysts Set New Price Targets
Several equities research analysts recently commented on OTC shares. National Bank Financial downgraded Open Text from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 1st. Royal Bank of Canada downgraded shares of Open Text from a “moderate buy” rating to a “hold” rating in a report on Friday.
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