Oracle Corporation (NYSE:ORCL) Announces $0.50 Quarterly Dividend

Oracle Corporation (NYSE:ORCL) declared a quarterly dividend on Tuesday, March 10th. Stockholders of record on Thursday, April 9th will be paid a dividend of 0.50 per share by the enterprise software provider on Friday, April 24th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 9th.

Oracle has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Oracle has a dividend payout ratio of 24.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Oracle to earn $5.61 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 35.7%.

Oracle Stock Up 8.5%

Shares of ORCL traded up $12.65 during trading hours on Wednesday, hitting $162.05. The company had a trading volume of 68,480,219 shares, compared to its average volume of 28,074,990. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.28. The company has a market capitalization of $465.58 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 1.33 and a beta of 1.66. Oracle has a one year low of $118.86 and a one year high of $345.72. The company’s fifty day moving average price is $167.90 and its two-hundred day moving average price is $219.44.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, March 10th. The enterprise software provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.08. The company had revenue of $17.19 billion for the quarter, compared to the consensus estimate of $16.91 billion. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.47 earnings per share. Oracle has set its Q4 2026 guidance at 1.960-2.000 EPS. As a group, equities analysts forecast that Oracle will post 5 earnings per share for the current fiscal year.

About Oracle

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.