OpenText Raises Quarterly Dividend 1.82% to $0.28

Open Text Corporation (NASDAQ: OTEX; TSX: OTEX) increased its quarterly dividend to $0.28 per share from $0.275, a 1.82% rise. The shares went ex-dividend on Sept. 4, 2026.

The new rate equates to an annual dividend of $1.12 per share. Based on a share price of $23.95, the forward annual yield is 4.51%.

Dividend record

The increase extends OpenText’s record of consecutive annual dividend growth to 12 years. Although the latest adjustment is relatively modest, it continues the company’s pattern of gradually raising its regular cash distribution.

OpenText describes the payout as part of a quarterly, non-cumulative cash-dividend program. As with most corporate dividends, future declarations and their terms remain subject to the board’s discretion, according to the company’s fiscal-year results announcement. Its published dividend history shows a series of incremental rate increases alongside regular quarterly payments.

The dividend decision came against an improving cash-generation backdrop. For fiscal 2026, OpenText reported operating cash flow of $1.007 billion, up 21.2%, and free cash flow of $808 million, up 17.5%. Annual cloud revenue rose 5.5% to $1.959 billion, while total revenue advanced 1.5% to $5.246 billion. The company also renewed its share-repurchase plan, describing buybacks as complementary to its dividend program and acquisition activity. These results suggest greater cash-flow support for shareholder distributions, although OpenText did not attribute the precise dividend increase to a single operating measure in its results release.

What it means for income investors

For shareholders focused on income, the increase raises the annualized distribution while preserving the company’s 12-year growth streak. The supplied dividend-safety score is 81 out of 100, corresponding to an A grade. That assessment and the historical growth record provide context rather than a guarantee: future payments still depend on business performance, cash availability and board approval.