Open Text Corporation
OTEXTechnology · Software - Application · Stock · quarterly payer
Forward Yield
4.05%
Annual Dividend
$1.12
Payout Ratio
43%
5-Yr Growth
8.2%
Ex-Date
Sep 4, 2026
Frequency
Quarterly
Key facts about OTEX's dividend
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Open Text Corporation (OTEX) has a forward dividend yield of 4.05%, based on an annual dividend of $1.12 per share and a share price of $27.63.
- As of Oct 27, 2026, OTEX's dividend safety grade from SmarterDividends is A (84 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Open Text Corporation (OTEX) has raised its dividend for 12 consecutive years as of Oct 27, 2026.
- OTEX has never cut its regular dividend in the payment history SmarterDividends has on record.
- OTEX's most recent ex-dividend date was Sep 4, 2026, for a dividend of $0.28 per share.
- As of Oct 27, 2026, OTEX pays out 43% of its trailing 12-month earnings as dividends (its payout ratio).
- OTEX's dividend has grown at an average rate of 8.2% a year over the past five years.
- As of Oct 27, 2026, OTEX's 4.05% yield is 51% above its five-year average yield of 2.68%.
- As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for OTEX is $18.50 per share, 33% below the $27.63 share price, so OTEX screens as overvalued.
- Open Text Corporation (OTEX) pays its dividend quarterly, 4 times a year.
- Open Text Corporation (OTEX) has raised its regular dividend 13 times and cut it 0 times across the 55 payments on record since 2013. Its most recent change was a 1.8% increase to $0.280 per share, going ex-dividend on Sep 4, 2026.
- Open Text (OTEX) has declared its first higher dividend of the year in August in 4 of the last 5 years; its most recent raise, 1.8%, was declared on Aug 5, 2026.
Cite this page
SmarterDividends, "OTEX Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/OTEX
Summary
As of Oct 27, 2026, Open Text Corporation (OTEX) yields 4.05% ($1.12 a year per share), has a dividend safety grade of A (84/100) and has 12 consecutive years of dividend increases on record.
Is OTEX a good dividend stock?
YesOpen Text Corporation (OTEX) pays a quarterly dividend yielding 4.05% ($1.12/yr), with 12 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 12 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (43%)
- Strong 8.2% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 4.05%
- Payout Ratio
- 43%
- Annual Dividend
- $1.12
- 5-Yr Avg Growth
- 8.2%
- Ex-Dividend Date
- Sep 4, 2026
- Years of Growth
- 12
- Frequency
- quarterly
- Beta
- 1.02
- Market Cap
- $6.7B
- P/E Ratio
- 10.7
- 5-Yr Total Return
- -41%
- 52-Week Range
- $19.78 – $39.81
- Dividend Safety
- A · 84/100
- Ever Cut?
- No
OTEX dividend raises and cuts
Open Text Corporation (OTEX) has raised its regular dividend 13 times and cut it 0 times across the 55 payments on record since 2013. Its most recent change was a 1.8% increase to $0.280 per share, going ex-dividend on Sep 4, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Sep 4, 2026 | Raise | $0.275 → $0.280 | +1.8% |
| Sep 5, 2025 | Raise | $0.263 → $0.275 | +4.6% |
| Aug 30, 2024 | Raise | $0.250 → $0.263 | +5.2% |
| Aug 31, 2023 | Raise | $0.243 → $0.250 | +2.9% |
| Sep 1, 2022 | Raise | $0.221 → $0.243 | +10.0% |
| Sep 2, 2021 | Raise | $0.201 → $0.221 | +10.0% |
| Dec 3, 2020 | Raise | $0.175 → $0.201 | +14.9% |
| May 30, 2019 | Raise | $0.152 → $0.175 | +15.1% |
| Jun 7, 2018 | Raise | $0.132 → $0.152 | +15.2% |
| May 24, 2017 | Raise | $0.115 → $0.132 | +14.8% |
| May 25, 2016 | Raise | $0.100 → $0.115 | +15.0% |
| May 27, 2015 | Raise | $0.0865 → $0.100 | +15.6% |
Show all 13 changes since 2014
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| May 21, 2014 | Raise | $0.0750 → $0.0865 | +15.3% |
Frequently Asked Questions
Is OTEX a good dividend stock?
Yes. Open Text Corporation (OTEX) pays a quarterly dividend yielding 4.05% ($1.12/yr), with 12 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is OTEX undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, OTEX's fair value is about $18.50 versus a $27.63 share price — so it looks overvalued (-33% vs. fair value).
Is OTEX's dividend safe?
OTEX has a dividend-safety grade of A (84/100), based on its payout coverage, free-cash-flow, 12-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is OTEX's fair value?
Our blended fair-value estimate for OTEX is about $18.50 per share, about 33% below the current $27.63 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is OTEX a buy, hold, or sell?
We don't issue formal ratings, but on the data OTEX screens as "yes" and overvalued. Open Text Corporation (OTEX) pays a quarterly dividend yielding 4.05% ($1.12/yr), with 12 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will OTEX cut its dividend?
OTEX earns a dividend-safety grade of A (84/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does OTEX pay a dividend?
Yes. Open Text Corporation pays a quarterly dividend of about $1.12 per share annually, a forward yield of roughly 4.05%.
What is OTEX's dividend yield?
As of Oct 27, 2026, OTEX's forward dividend yield is 4.05%, based on a $1.12 annual dividend and a $27.63 share price.
What is OTEX's dividend per share?
As of Oct 27, 2026, OTEX pays $1.12 per share per year, distributed on a quarterly basis.
What is OTEX's dividend payout ratio?
As of Oct 27, 2026, OTEX's payout ratio is 43% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has OTEX grown its dividend?
As of Oct 27, 2026, OTEX has increased its dividend for 12 consecutive years.
When is the next OTEX ex-dividend date?
As of Oct 27, 2026, OTEX's next ex-dividend date hasn't been announced. The most recent was Sep 4, 2026, for $0.28 per share.
OTEX Price — Last 12 Months
Daily close
Price Return
1 Year
-17%
3 Years
-30%
5 Years
-41%
52-Week Range
$19.78 – $39.81
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is OTEX worth?
Overvaluedhigh confidenceOur blended fair-value estimate for Open Text Corporation is $18.50 per share, versus a market price of $27.63. That implies 33% of downside.
Fair Value
$18.50
Current Price
$27.63
Downside
-33%
Margin of Safety
-49%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 3.0% annual free-cash-flow growth. We model 0.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.4% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $2.58 EPS, $1.12 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
OTEX Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full OTEX dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 4, 2026 | Sep 18, 2026 | $0.2800 | regular |
| Jun 5, 2026 | Jun 19, 2026 | $0.2750 | regular |
| Mar 6, 2026 | Mar 20, 2026 | $0.2750 | regular |
| Dec 5, 2025 | Dec 19, 2025 | $0.2750 | regular |
| Sep 5, 2025 | Sep 19, 2025 | $0.2750 | regular |
| Jun 6, 2025 | Jun 20, 2025 | $0.2630 | regular |
| Mar 7, 2025 | Mar 21, 2025 | $0.2630 | regular |
| Nov 29, 2024 | Dec 20, 2024 | $0.2630 | regular |
| Aug 30, 2024 | Sep 20, 2024 | $0.2630 | regular |
| May 31, 2024 | Jun 18, 2024 | $0.2500 | regular |
| Feb 29, 2024 | Mar 20, 2024 | $0.2500 | regular |
| Nov 30, 2023 | Dec 20, 2023 | $0.2500 | regular |
| Aug 31, 2023 | Sep 22, 2023 | $0.2500 | regular |
| Jun 1, 2023 | Jun 23, 2023 | $0.2430 | regular |
Income Calculator
At $1.12 / yr per share
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