Open Text Corporation (NASDAQ:OTEX) will begin trading ex-dividend on December 3, 2020. The quarterly dividend payment of $ 0.2008 per share is scheduled to be paid on December 22, 2020. The dividend yield based on the latest trading day closing price was 1.81 percent. Shareholders who purchased OTEX shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Open Text Corporation recently reported fourth quarter financial results on August 6, 2020, after market close, the Waterloo based company disclosed income for the fourth quarter of $ 0.80 per share, from the revenue of $ 826.61 million. The quarterly earnings hiked 11.11 percent while revenues improved 10.62 percent compared with the same quarter last year.
Street analysts expected Open Text Corporation recently reported fourth quarter financial results on August 6, 2020, after market close, the Waterloo based company to report income of $ 0.61 per share on revenue of $ 804.31 million for the fourth quarter. The bottom line results beat street analysts by $ 0.19 or 31.15 percent, at the same time, top line results outshined analysts by $ 22.30 million or 2.77 percent.
Stock Performance
Shares of Open Text Corporation traded up $ 0.22 or 0.50 percent on Tuesday, reaching $ 44.39 with volume of 324.50 thousand shares. Open Text Corporation has traded high as $ 44.79 and has cracked $ 44.19 on the downward trend
According to the previous trading day, closing price of $ 44.39, representing a 51.68 % increase from the 52 week low of $ 29.12 and a 7.69 % decrease over the 52 week high of $ 47.85.
The company has a market capital of $ 12.05 billion and is part of the Technology sector and Software – Application industry.
Open Text Corporation provides a suite of software products and services. The company offers content services; digital process automation, which enables organizations to transform into digital and data-driven businesses through automation; and discovery suite that provides forensics and unstructured data analytics for searching, collecting, and investigating enterprise data to manage legal obligations and risk. It also provides business network solutions comprising business-to-business integration services, such as secure mail, large file transfer, fax, and electronic data interchange within a single platform; analytics solutions; and forensic security and automated cyber risk management software service.
