Is OpenText Stock a Buy for Its 3.6% Dividend Yield? [Yahoo! Finance Canada]
Open Text Corporation - Common Shares (OTEX)
Last open text corporation - common shares earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations:
investors.opentext.com/investor-relations
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Source: Yahoo! Finance Canada
OpenText TSX:OTEX ) has taken bold steps to reassure and reward its investors, recently increasing its dividend and authorizing a significant share buyback program. These moves, combined with strategic business developments, have brought the stock into focus for potential buyers. But is OpenText stock a buy? Let's dive into the details. Cash to investors First, let's start with the dividend. OpenText stock has increased its dividend by 5%, bringing the annualized payout to $0.26 per share quarterly. This move reflects confidence in its cash flow and the company's commitment to rewarding long-term investors. With a forward dividend yield of approximately 3.6%, OpenText stock is offering a solid income stream, especially for investors who value consistent payouts. Beyond the dividend, the company launched a $300 million share buyback program. This initiative aims to reduce the number of outstanding shares, effectively increasing earnings per share and potentially boosting the sto
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News
- There's A Lot To Like About Open Text's (NASDAQ:OTEX) Upcoming US$0.2625 Dividend [Yahoo! Finance]Yahoo! Finance
- Is OpenText Stock a Buy, Sell, or Hold for 2025? [Yahoo! Finance Canada]Yahoo! Finance Canada
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OTEX
Earnings
- 10/31/24 - Beat
OTEX
Sec Filings
- 11/12/24 - Form SCHEDULE
- 11/5/24 - Form 144
- 10/31/24 - Form 10-Q
- OTEX's page on the SEC website