OTEX Named Top 10 SAFE International Dividend Stock

Open Text Corp (OTEX) has been named to the Dividend Channel 'International S.A.F.E. 10' list, signaling its robust dividend profile. This recognition is based on its strong 2.8% yield and a consistent track record of over five years of dividend growth, currently paying an annualized $0.97196 per share. The designation highlights OTEX as a reliable income-generating international stock, further evidenced by its significant 2.50% weighting within the Powershares International Dividend Achievers ETF (PID).

Analysis

Open Text Corp (OTEX) has been recognized for its robust dividend characteristics, earning a place on the Dividend Channel 'International S.A.F.E. 10' list. This designation is supported by quantitative metrics, including a strong 2.8% dividend yield and a track record of at least five consecutive years of dividend growth. The company's annualized dividend stands at $0.97196 per share, paid quarterly. The 'S.A.F.E.' criteria underscore the quality and reliability of these payments, highlighting a solid return profile, accelerating payments over time, and a flawless history without missed or reduced dividends for over a half-decade. Further validation of its status as a dividend achiever comes from its significant 2.50% weighting in the Powershares International Dividend Achievers ETF (PID), which holds over $25 million in OTEX shares. This inclusion in a rules-based ETF, alongside its position in the competitive Application Software sector with peers like Microsoft and Alibaba, frames OTEX as a notable option for investors seeking consistent income from the technology space.

Key Decisions for Investors

• For income-focused investors, OTEX's confirmed status as a 'S.A.F.E.' dividend stock, with its 2.8% yield and five-year growth history, makes it a strong candidate for inclusion in international dividend growth portfolios.
• Existing shareholders should view this report as a positive reinforcement of the company's capital return policy, supporting a decision to hold or potentially accumulate positions, particularly if the investment thesis is centered on reliable income generation.
• Investors should monitor OTEX's fundamental performance and cash flow generation relative to Application Software peers to ensure the dividend growth trajectory, a key component of this bullish thesis, remains sustainable.