Open Text Corporation (OTEX) To Go Ex-Dividend on September 4th

Open Text Corporation (NASDAQ:OTEX) (TSE:OTC) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Friday, September 4th will be paid a dividend of 0.28 per share by the software maker on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, September 4th. This is a 1.8% increase from Open Text’s previous quarterly dividend of $0.28.

Open Text has decreased its dividend by an average of 0.1%per year over the last three years. Open Text has a payout ratio of 26.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Open Text to earn $4.32 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 25.5%.

Open Text Stock Up 0.0%

Shares of OTEX opened at $25.66 on Friday. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 12.52 and a beta of 1.03. Open Text has a 52 week low of $19.77 and a 52 week high of $39.90. The stock’s 50-day moving average price is $23.03 and its 200-day moving average price is $23.60. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.56.

Open Text (NASDAQ:OTEX) (TSE:OTC) last announced its quarterly earnings results on Thursday, August 6th. The software maker reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.21. Open Text had a return on equity of 24.77% and a net margin of 9.91%.The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business earned $0.97 earnings per share. Open Text’s quarterly revenue was up 2.9% on a year-over-year basis. On average, sell-side analysts predict that Open Text will post 4.05 EPS for the current year.

About Open Text

Open Text Corporation is a Canadian enterprise information management (EIM) software company that develops solutions for organizations seeking to manage, protect and extract insight from their unstructured and structured data. The company’s platform encompasses document management, records management, digital asset management and archiving, enabling companies to govern information across its lifecycle.

Open Text’s product suite includes content services, business process management, customer experience management, analytics and security products.