Oracle Corporation to Issue Quarterly Dividend of $0.50 (NYSE:ORCL)

Oracle Corporation (NYSE:ORCL) declared a quarterly dividend on Wednesday, June 10th. Shareholders of record on Friday, July 10th will be paid a dividend of 0.50 per share by the enterprise software provider on Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, July 10th.

Oracle has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Oracle has a payout ratio of 24.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Oracle to earn $6.33 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 31.6%.

Oracle Stock Down 2.3%

Shares of NYSE:ORCL opened at $201.04 on Thursday. The stock has a fifty day simple moving average of $183.16 and a two-hundred day simple moving average of $177.98. The stock has a market capitalization of $578.21 billion, a price-to-earnings ratio of 36.09, a PEG ratio of 1.61 and a beta of 1.65. Oracle has a 12-month low of $134.57 and a 12-month high of $345.72. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.66.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 10th. The enterprise software provider reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.15. The business had revenue of $19.18 billion during the quarter, compared to analysts’ expectations of $19.10 billion. Oracle had a return on equity of 62.70% and a net margin of 25.30%.The firm’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.70 earnings per share. Oracle has set its Q1 2027 guidance at 1.720-1.760 EPS and its FY 2027 guidance at 8.050-8.050 EPS. On average, research analysts anticipate that Oracle will post 6.09 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.