Macquarie Lowers Open Text Corp (OTEX) Price Target to C$40.00
Open Text (TSE OTEX) opened at C$42.26 on Thursday. Open Text has a 52-week low of C$38.65 and a 52-week high of C$48.28.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be issued a $0.17 dividend. The ex-dividend date is Thursday, November 30th. This is a positive change from Open Text’s previous quarterly dividend of $0.13. This represents a $0.68 dividend on an annualized basis and a yield of 1.61%. Open Text’s dividend payout ratio (DPR) is 67.67%.
Open Text Company Profile
Open Text Corporation provides a platform and suite of software products and services that assist organizations in finding, utilizing, and sharing business information from any device. The Company designs, develops, markets and sells Enterprise Information Management (EIM) software and solutions. Its EIM offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Business Network, Discovery and Analytics.
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