Open Text Corp. (TSE:OTC – Get Free Report) announced a quarterly dividend on Thursday, October 31st,Zacks Dividends 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 dividend yield of ∞. The ex-dividend date is Friday, November 29th. This is a positive change from Open Text’s previous quarterly dividend of $0.26.
Open Text Stock Performance
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Royal Bank of Canada lowered Open Text from a “moderate buy” rating to a “hold” rating in a report on Friday, November 1st. National Bank Financial downgraded Open Text from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 1st.
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