Services

Oracle Speeds Up Tiny Dividends

Oracle logoOracle Corp. (NASDAQ: ORCL) announced after markets closed today that it would accelerate its dividend payments for the second, third and fourth quarters of its 2013 fiscal year. The company will pay shareholders of record a total of $0.18 on December 21.

According to the press release:

This accelerated dividend is intended by the Board to be in lieu of quarterly dividends Oracle would have otherwise announced with its quarterly earnings results for the second, third and fourth quarters of fiscal year 2013, and that would have been paid in calendar year 2013.

We noted Oracle as one of our eight tech giants due for a large, one-time special dividend payment to shareholders by the end of this calendar year. This accelerated payment doesn’t count.

The company has $31 billion in cash and a one-time dividend of, say, $0.30 in addition to the usual dividend payment might have been more well received. The company’s annual dividend yield is a scant 0.70% and shareholders are not likely to be terribly excited by today’s announcement.

Shares of Oracle stock are trading down about 0.7% in after-hours trading today, at $32.19 in a 52-week range of $24.91 to $33.29.

Paul Ausick

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.