Open Text (TSE:OTC) Rating Increased to Hold at UBS Group

Posted by on Dec 20th, 2024

UBS Group upgraded shares of Open Text (TSE:OTC – Free Report) to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Separately, Royal Bank of Canada lowered Open Text from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 1st.

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Open Text Price Performance

Open Text Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a $0.355 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a yield of ∞. This is a positive change from Open Text’s previous quarterly dividend of $0.26.

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