Dividend Growth of Open Text Corporation(OTEX)

Open Text Corporation(OTEX) is having a Dividend Yield of 1.35% with the Annual cash Dividend per share of $0.42. The last quarter cash dividend per share pay out was $0.12. Open Text Corporation has a 5 year average dividend yield of 1.09% and the stock has a Indicated annual dividend of $0.46. Open Text Corporation(OTEX) formally announced its most recent dividend on February 3, 2017 with a Dividend per share of $0.12. The new indicated annual dividend based on announced dividend per share is $0.46. The dividend yield based on the forward looking indicated annual dividend is 1.35%. Open Text Corporation(OTEX) has the most recent dividend payout ratio of 0.33 with a 5-year average payout ratio of 0.18. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.15. The 5 year historical dividend growth of Open Text Corporation(OTEX) is at the rate of 15% while the R-Squared dividend growth is 0.94. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Open Text Corporation (NASDAQ:OTEX) witnessed a decline in the market cap on Thursday as its shares dropped 0.18% or 0.06 points. After the session commenced at $34.1, the stock reached the higher end at $34.25 while it hit a low of $33.71. With the volume soaring to 569,322 shares, the last trade was called at $33.96. The company has a 52-week high of $35.07. The company has a market cap of $8,936 million and there are 263,141,060 shares in outstanding. The 52-week low of the share price is $23.905. Shares of Open Text Corporation rose by 2.51% in the last five trading days and 7.26% for the last 4 weeks. Open Text Corporation is up 13.54% in the last 3-month period. Year-to-Date the stock performance stands at 9.89%.

Currently the company Insiders own 10.58% of Open Text Corporation shares according to the proxy statements. Institutional Investors own 32.3% of Open Text Corporation shares. Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Open Text Corporation (USA) was Initiated by Citigroup on Feb 16, 2017 to Neutral, Price Target of the shares are set at $36.Open Text Corporation (USA) was Resumed by Barclays on Jan 24, 2017 to Overweight, Price Target of the shares are set at $76.

Open Text Corporation (USA) Last issued its quarterly earnings results on Feb 2, 2017. The company reported $0.54 EPS for the quarter, missing the analyst consensus estimate by $ -0.50. Analyst had a consensus of $1.04. The company had revenue of $542.70 million for the quarter, compared to analysts expectations of $533.99 million. The companys revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS.

Open Text Corporation is engaged in development of innovative intranet, extranet and e-Business applications. Since creating one of the first search engines to index the World Wide Web, the company has remained at the forefront of Internet-based technologies. Open Text solutions allow individuals, teams, organizations, and global trading communities to collaborate on projects, share ideas and accelerate innovation to the fastest possible speed. Open Text Corporation is headquartered in Waterloo, Canada.


Share this post

Leave a Reply