Open Text Corp (TSE:OTC) (NASDAQ:OTEX) declared a quarterly dividend on Monday, August 7th, Zacks reports. Investors of record on Friday, September 1st will be paid a dividend of 0.132 per share on Friday, September 22nd. This represents a $0.53 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Wednesday, August 30th.

Open Text Corp (TSE:OTC) opened at 43.56 on Tuesday. Open Text Corp has a 52 week low of $31.99 and a 52 week high of $45.99. The company has a 50 day moving average of $43.27 and a 200 day moving average of $42.01.

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Several brokerages have recently issued reports on OTC. Beacon Securities upgraded Open Text Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Open Text Corp in a research note on Wednesday, May 24th. Six analysts have rated the stock with a buy rating, Open Text Corp has an average rating of “Buy” and an average price target of C$44.17.

About Open Text Corp

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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