Open Text dividend – Open Text Corp Announces 0.24299 Cash Dividend
June 20, 2023
🌥️Dividends Yield
Open Text ($NASDAQ:OTEX) Corp has announced on June 1st 2023 that they will pay out a cash dividend of 0.24299 USD per share. This dividend is notably larger than the past three years’ returns in which they have paid an annual dividend per share of 0.95, 0.88, and 0.78 USD respectively. This yields a return of 2.66%, 1.87%, and 1.74% for 2021 to 2023 respectively and an average dividend yield of 2.09%. For those looking to invest in dividend stocks, Open Text could be a viable option with an ex-dividend date of June 1 2023.
The company’s consistent returns and growing portfolio make it a suitable choice for investing with return rates that are also growing over time. It is wise to do your own research and find out if this is the right investment for you before committing to any long-term decision.
Market Price
Upon the announcement, OPEN TEXT stock opened at $41.2 and closed at $41.6, indicating that investors are pleased with the payout. This marks the third consecutive year that Open Text Corp has declared a dividend, showing strong and consistent financial leadership from the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Open Text. More…
| Total Revenues | Net Income | Net Margin |
| 3.9k | 301.31 | 8.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Open Text. More…
| Operations | Investing | Financing |
| 915.84 | -5.66k | 4.53k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Open Text. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 17.43k | 13.3k | 15.24 |
Key Ratios Snapshot
Some of the financial key ratios for Open Text are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.7% | 3.3% | 16.0% |
| FCF Margin | ROE | ROA |
| 20.0% | 9.4% | 2.2% |
Analysis
At GoodWhale, we conducted an analysis of Open Text‘s wellbeing. According to our Star Chart, Open Text is strong in asset, dividend, growth, and profitability. Our analysis reveals that Open Text has a high health score of 7/10 when taking into account both cashflows and debt. This suggests that Open Text is capable of sustaining its future operations in times of crisis. Furthermore, Open Text is classified as ‘rhino’ in our rating system which means that the company has achieved moderate revenue or earnings growth. Given this information, we believe that Open Text would be an attractive opportunity for investors looking for a company with strong financials and moderate-to-strong growth potential. Those who are interested in taking on a long-term stake in the company could benefit from Open Text’s strong dividend payouts and high profitability. Further, investors who are looking for a moderate to high risk investment may be willing to take a chance on Open Text as it offers a higher potential return than many other stocks. More…
Summary
Investing in OPEN TEXT is a sensible option for those looking for a steady income stream. The company has a track record of paying dividends for the past three years, and these payments have steadily increased over time. For 2021, investors can expect a dividend yield of 2.66%, while in 2022 and 2023, this should be 1.87% and 1.74% respectively. On average, the dividend yield is a respectable 2.09%.
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