OTEX Open Text dividend history, payout ratio & dates
Open Text's most recent dividend payment of $0.263 per share was made to shareholders on record before Aug 30, 2024. The payout stands at $1.01 per share annually, which works out to a dividend yield of 3.47%. The latest OTEX stock dividend of $0.263 is an increase from the previous $0.249 distribution, representing a growth of 5%.
Key dates
- OTEX last dividend date: Aug 30, 2024
OTEX dividend stats
vs. Technology sector
Dividend yield
OTEX has a dividend yield of 3.47% which is higher than the Technology sector, the industry and its peers average. If we compare it with the Technology sector average of 1.66%, Open Text's dividend yield is 109% higher. The current dividend yield is more than the historical average of 2.2% of the last 5 years.
Dividend history
Open Text has been paying dividends for the last 12 years. According to our data OTEX has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 3.4% for the last year. And since the stock price has gone down by 25% from a year ago, the dividend yield marks an increase of 37%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Aug 30, 2024 | $0.263 | 3.18% |
| May 31, 2024 | $0.249 | 3.42% |
| Feb 29, 2024 | $0.25 | 2.58% |
| Nov 30, 2023 | $0.25 | 2.46% |
| Aug 31, 2023 | $0.25 | 2.43% |
| Jun 1, 2023 | $0.243 | 2.33% |
| Mar 2, 2023 | $0.243 | 2.77% |
| Dec 1, 2022 | $0.243 | 3.16% |
| Sep 1, 2022 | $0.243 | 2.99% |
| Jun 2, 2022 | $0.221 | 2.14% |
| Mar 3, 2022 | $0.221 | 2% |
| Dec 2, 2021 | $0.221 | 1.79% |
| Sep 2, 2021 | $0.221 | 1.5% |
| Jun 3, 2021 | $0.201 | 1.63% |
| Mar 4, 2021 | $0.201 | 1.69% |
| Dec 3, 2020 | $0.201 | 1.6% |
| Sep 3, 2020 | $0.175 | 1.57% |
| May 28, 2020 | $0.175 | 1.71% |
| Feb 27, 2020 | $0.175 | 1.67% |
| Nov 27, 2019 | $0.175 | 1.54% |
| Aug 29, 2019 | $0.175 | 1.68% |
| May 30, 2019 | $0.175 | 1.58% |
| Feb 28, 2019 | $0.152 | 1.6% |
| Nov 29, 2018 | $0.152 | 1.73% |
| Aug 30, 2018 | $0.152 | 1.43% |
| Jun 7, 2018 | $0.152 | 1.55% |
| Mar 1, 2018 | $0.132 | 1.52% |
| Nov 30, 2017 | $0.132 | 1.57% |
| Aug 30, 2017 | $0.132 | 1.56% |
| May 24, 2017 | $0.132 | 1.47% |
| Mar 1, 2017 | $0.115 | 1.39% |
| Nov 30, 2016 | $0.115 | 1.4% |
| Aug 24, 2016 | $0.115 | 1.39% |
| May 25, 2016 | $0.115 | 1.43% |
| Mar 8, 2016 | $0.1 | 1.63% |
| Nov 24, 2015 | $0.1 | 1.62% |
| Aug 26, 2015 | $0.1 | 1.67% |
| May 27, 2015 | $0.1 | 1.69% |
| Feb 24, 2015 | $0.086 | 1.19% |
Open Text dividend payout ratio
Payout ratio
OTEX has a payout ratio of 58.5% which is higher than the Technology sector, the industry and its peers average. If we compare it with the Technology sector average of 41.7%, Open Text's payout ratio is 40% higher.
Total amount of dividends paid per financial year (from cash flow)
OTEX dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| OTEX Open Text Corp | 3.47% | $1.01 | 58.5% |
| ORCL Oracle Corp | 0.83% | $1.6 | 40.1% |
| MSFT Microsoft Corp | 0.75% | $3.08 | 25.3% |
| INTU Intuit Inc | 0.55% | $3.74 | 35.9% |
Frequently asked questions
Does Open Text pay a dividend?
Yes, Open Text has paid four dividends in the last 12 months. OTEX has been paying dividends since 2013.
When was OTEX's last dividend?
Open Text's last regular dividend was on Aug 30, 2024 (ex-date) with the amount of $0.263 per share.
How much dividend does Open Text pay (per share)?
On an annual basis OTEX pays $1.01 per share.
What is Open Text's dividend yield?
Open Text's current dividend yield is 3.47%.
How often does Open Text pay dividends?
Open Text pays four dividends per year.
What is Open Text's dividend payout ratio?
The dividend payout ratio of Open Text is 58.5%.
Does Open Text pay a good dividend?
Open Text's dividend yield is more than the Technology sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.