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$41.38
-7.16 (-14.75%)
At Close: May 03, 2024
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Open Text Corporation Stock Dividends Overview

OTEX.TO pays dividends quarterly. Last paid amount was $0.335 at Mar 20, 2024. As of today, dividend yield (TTM) is 1.96%.

Dividend Yield Range

The Dividend Yield Range is the range of values in which a stock’s dividend yield has fluctuated within a specified period, often a year. It represents the variation between the highest and lowest dividend yields observed during that time frame.
AI Analysis of OTEX.TO
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Dividend Analysis

Key Stats

Dividend Yield (TTM) 1.96%
Frequency Quarterly
1Y Growth 1.47%
Payout Ratio 0
Amount Per Share $0.335
Open Text Corporation has not yet announced its next dividend date. Last payment date was: Mar 20, 2024.

OTEX Dividend Payout History

To ensure a understanding of OTEX's dividend performance, consider examining the historical payout ratios and how they align with the company's earnings. Fluctuations in payout amounts may reflect changes in the company's dividend policy or earnings stability.


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 29, 2024 Feb 29, 2024 Mar 20, 2024 $0.335 0.632%
2 Nov 30, 2023 Nov 30, 2023 Dec 20, 2023 $0 0%
3 Aug 31, 2023 Aug 31, 2023 Sep 22, 2023 $0.338 0.704%
4 Jun 01, 2023 Jun 01, 2023 Jun 23, 2023 $0.330 0.624%
5 Mar 02, 2023 Mar 02, 2023 Mar 23, 2023 $0.330 0.646%
6 Nov 02, 2022 Dec 01, 2022 Dec 22, 2022 $0.326 0.83%
7 Aug 03, 2022 Sep 01, 2022 Sep 23, 2022 $0.319 0.87%
8 May 04, 2022 Jun 02, 2022 Jun 24, 2022 $0.280 0.548%
9 Mar 03, 2022 Mar 03, 2022 Mar 03, 2022 $0.279 0.509%
10 Nov 04, 2021 Dec 02, 2021 Dec 22, 2021 $0.283 0.469%

Dividend Sustainability

With a moderate Dividend Sustainability Score (DSS), the company may sustain its dividends, but continuous monitoring is advised for any financial shifts. However, its Dividend Growth Potential Score (DGPS) is only moderate, indicating limited growth potential. On the whole, the dividend outlook remains neutral, meriting close observation of both the company's financial health and growth prospects.

Sustainability score

Average (41.20%)

Growth potential

Stable (8.07%)

OTEX Dividend Calculator

Dividend Calculator is designed to forecast the potential returns from OTEX dividends based on your individual investment size or the number of shares you own. Simply enter your total investment amount to see the cumulative dividend payment you could receive over a specified period.
Read how to invest in OTEX stock here.

Comparing OTEX to Sector and Country

OTEX.TO pays a solid dividend yield of 1.96%, which is higher than the average of the bottom 25% of dividend payers in the CA market (0.298%). OTEX.TO’s dividend yield is lower than the average of the top 25% of dividend payers in the Technology sector in the CA market (15.07%), which means that there are more attractive dividend stocks to consider.

FAQ

What factors can affect the amount of OTEX.TO's dividend payments?
The amount of OTEX.TO's dividends can fluctuate based on several factors, including the company's financial performance, earnings, cash flow, capital requirements, and overall market conditions. Changes in OTEX.TO sector's trends, interest rate shifts, and the company's operational adjustments can also influence dividend decisions.
Can dividends from OTEX.TO stock be automatically reinvested?
If OTEX.TO offers a Dividend Reinvestment Plan (DRIP), shareholders may have the option to automatically reinvest dividends to purchase additional shares. Please check with your brokerage for the availability and details of such a plan. Here's an easy guide on how to buy OTEX.TO stock.
How often does OTEX.TO pay dividend?
Open Text Corporation (OTEX.TO) pays dividends quarterly. The most recent payout was on Mar 20, 2024.
How much does OTEX.TO pays per share?
The last recorder (Feb 29, 2024) dividend per share was $0.335.
What is OTEX.TO dividend growth rate?
Over the last year, Open Text Corporation has witnessed growth rate of 1.47% . Looking back over the past 3 years, this growth rate has been 11.43%. Furthermore, examining the past 5 years, Open Text Corporation has maintained an average Dividends Per Share Growth Rate of 7.25%.
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About Open Text Corporation

Open Text Open Text Corporation engages in the designs, develops, markets, and sells information management software and solutions. It offers content services; business network that manages data within the organization and outside the firewall; security and protection solutions for defending against cyber threats, and preparing for business continuity and response in the event of a breach; digital investigation and forensic security solutions; OpenText sec... OTEX.TO Profile

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