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

Key Points

• Oracle Corporation announced a quarterly dividend of $0.50 per share, payable on October 23rd to shareholders of record as of January 1st, translating to a yield of 0.8%.
• The company has a payout ratio of 24.6%, suggesting that the dividend is well covered by earnings, with expected earnings of $5.61 per share next year.
• Oracle's stock is currently trading at $241.67, reflecting a 1.3% increase, with a market capitalization of $678.81 billion and a P/E ratio of 55.68.

Oracle Corporation (NYSE:ORCL - Get Free Report) announced a quarterly dividend on Tuesday, September 9th, RTT News reports. Shareholders of record on Saturday, January 1st will be paid a dividend of 0.50 per share by the enterprise software provider on Thursday, October 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%.

Oracle has a payout ratio of 24.6% indicating that its dividend is sufficiently covered by earnings. Research 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 1.3%

Shares of NYSE:ORCL traded up $3.19 on Tuesday, reaching $241.67. The company had a trading volume of 28,989,573 shares, compared to its average volume of 11,963,349. Oracle has a twelve month low of $118.86 and a twelve month high of $260.87. The stock has a 50-day moving average price of $239.78 and a 200 day moving average price of $187.22. The stock has a market capitalization of $678.81 billion, a P/E ratio of 55.68, a P/E/G ratio of 3.47 and a beta of 1.46. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The company had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter in the previous year, the firm earned $1.63 earnings per share. The business's quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities analysts expect that Oracle will post 5 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Mizuho boosted their price target on Oracle from $245.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, August 15th. Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and increased their target price for the company from $180.00 to $250.00 in a research note on Monday, June 30th. Guggenheim increased their target price on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Roth Capital restated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Royal Bank Of Canada increased their target price on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research note on Thursday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $235.61.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.