Oracle: Dividend Insights

Friday marks the last chance for investors to receive the next dividend payout from Oracle (NYSE:ORCL). What’s Happening…

byBenzinga Insights

April 5, 2023

1 minute read

Friday marks the last chance for investors to receive the next dividend payout from Oracle (NYSE:ORCL).

What’s Happening

The company announced on Thursday that it would pay shareholders a quarterly dividend of 40 cents per share. On Monday, Oracle will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 40 cents lower than it would have opened on any other day.

In order to be eligible to receive a company’s dividend, shareholders must own the stock prior to the ex-dividend dateâ€”in this case, Monday. Shareholders who own ORCL as of the end of Friday’s session are eligible to receive the 40 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on April 24, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

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