Open Text Corporation (NASDAQ:OTEX) Increases Dividend to $0.28 Per Share

Posted by on Aug 6th, 2026

Open Text Corporation (NASDAQ:OTEX – Get Free Report) (TSE:OTC) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Friday, September 4th will be given a dividend of 0.28 per share by the software maker on Friday, September 18th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, September 4th. This is a 1.8% increase from Open Text’s previous quarterly dividend of $0.28.

Open Text has decreased its dividend by an average of 0.1%annually over the last three years. Open Text has a dividend payout ratio of 26.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Open Text to earn $4.32 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 25.5%.

Open Text Stock Performance

Shares of OTEX traded up $0.01 during mid-day trading on Thursday, reaching $25.66. 4,340,431 shares of the company’s stock traded hands, compared to its average volume of 2,164,353. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.94 and a current ratio of 0.94. The business’s 50-day moving average price is $22.98 and its 200-day moving average price is $23.64. The stock has a market capitalization of $6.21 billion, a P/E ratio of 12.52 and a beta of 1.03. Open Text has a 12 month low of $19.77 and a 12 month high of $39.90.

Open Text (NASDAQ:OTEX – Get Free Report) (TSE:OTC) last issued its quarterly earnings data on Thursday, May 7th. The software maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.07. Open Text had a return on equity of 24.77% and a net margin of 9.91%.The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts predict that Open Text will post 4.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on OTEX shares. Raymond James Financial set a $29.50 price target on Open Text in a research report on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of Open Text in a research note on Wednesday, June 24th. National Bank Financial reduced their price objective on shares of Open Text from $45.00 to $33.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. UBS Group set a $25.00 target price on shares of Open Text in a research report on Friday, May 8th. Finally, Citigroup lowered their target price on shares of Open Text from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $33.21.

Check Out Our Latest Report on Open Text

Open Text Company Profile

(Get Free Report)

Open Text Corporation is a Canadian enterprise information management (EIM) software company that develops solutions for organizations seeking to manage, protect and extract insight from their unstructured and structured data. The company’s platform encompasses document management, records management, digital asset management and archiving, enabling companies to govern information across its lifecycle.

Open Text’s product suite includes content services, business process management, customer experience management, analytics and security products.

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Dividend History for Open Text (NASDAQ:OTEX)

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