Open Text Dividend
Dividend criteria checks 4/6
Open Text is a dividend paying company with a current yield of 3.17%.
Key information
3.2%
Dividend yield
160%
Payout ratio
Industry average yield | 0.2% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | CA$1.000 |
Earnings per share | CA$0.64 |
Dividend yield forecast in 3Y | 3.8% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: OTEX's dividends per share have been stable in the past 10 years.
Growing Dividend: OTEX's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Open Text Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (OTEX) | 3.2% |
Market Bottom 25% (CA) | 1.8% |
Market Top 25% (CA) | 6.3% |
Industry Average (Software) | 0.2% |
Analyst forecast in 3 Years (OTEX) | 3.8% |
Notable Dividend: OTEX's dividend (3.17%) is higher than the bottom 25% of dividend payers in the Canadian market (1.81%).
High Dividend: OTEX's dividend (3.17%) is low compared to the top 25% of dividend payers in the Canadian market (6.31%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (160.3%), OTEX's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (35.1%), OTEX's dividend payments are well covered by cash flows.