Oracle Corporation (ORCL) will raise its quarterly dividend by 33.3 percent to 32 cents per share in 2021. This follows a dividend hike of 26.3 percent to $0.24 per share in 2019 and a 26.7 percent dividend boost to 29 cents quarterly by the technology company 4 years ago. Oracle has now raised its dividend 11 straight years based on calendar year payments and ex-dividend dates.
The next dividend is payable on April 22, 2021 to shareholders of record at the close of business on April 8, 2021. A new annualized dividend rate of $1.28 per share yields 1.9% at a stock price of $67.40.
Oracle Corporation provides products and services that address all aspects of corporate IT environments, including application, platform and infrastructure. The company's businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support. Its hardware business consists of two segments, including hardware products and hardware support. Oracle has been paying a dividend to shareholders every year since 2009.