Open Text (TSE:OTC) Upgraded to “Hold” at UBS Group

UBS Group upgraded shares of Open Text (TSE:OTC) to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

Separately, Royal Bank of Canada downgraded shares of Open Text from a “moderate buy” rating to a “hold” rating in a report on Friday, November 1st.

Open Text Stock Performance

Open Text Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Open Text’s previous quarterly dividend of $0.26.