By Sabela Ojea
Oracle is increasing its quarterly dividend to 50 cents a share from 40 cents a share previously.
The Austin, Texas, cloud-software provider on Monday said that its board of directors declared the boost of its quarterly cash payout to shareholders.
The new dividend, equal to $2 annually, represents a yield of 1.34%, based on the company's latest closing price of $148.79.
The dividend will be paid on April 10.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
March 10, 2025 16:41 ET (20:41 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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