As per Oracle Corporation (NYSE:ORCL)’s news release on 2016-06-16, its shareholders will get cash dividend of $0.15 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-06 and 2016-07-27, respectively.
The stock will commence trading ex-dividend from 2016-07-01, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Oracle Corporation (NYSE:ORCL) disbursed $0.15 in dividend compared to distribution of $0.15, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 17.6471%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Oracle Corporation (NYSE:ORCL) to attain a price target of $45.38. It is an average estimate figure given by 21 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $52. The low price range is set at $31 for next year while the arithmetic mean is seen at 1.92.
Eyeing Earnings Oracle Corporation (NYSE:ORCL) is likely to post quarterly numbers around 2016-09-21 for the quarter ending 2016-08-31. The quarterly EPS projection is set at $0.54 for the period ending on 2016-08-31.
In last quarter ended 2016-05-31, Oracle Corporation (NYSE:ORCL) earnings came at $0.76 suggesting a deviation of $-0.01. The brokerages targeted EPS of $0.77 for the quarter.
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