Open Text Corp (OTEX) Increases 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 given a dividend of 0.17 per share on Wednesday, December 20th. This represents a $0.68 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Thursday, November 30th. This is a positive change from Open Text Corp’s previous quarterly dividend of $0.13.
Open Text Corp (OTEX) traded up C$0.49 during midday trading on Friday, hitting C$42.26. The stock had a trading volume of 262,200 shares, compared to its average volume of 404,374. Open Text Corp has a 1 year low of C$38.65 and a 1 year high of C$48.28.
Separately, Macquarie decreased their price objective on Open Text Corp from C$43.00 to C$40.00 in a research note on Thursday. Six analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of C$43.57.
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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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