Oracle Accelerates Dividend

Oracle ($ORCL) is the latest company to jump on the dividend bandwagon in order to avoid taxes. The company said that it will pay out its second, third and fourth quarter dividends on December 21st (date of record on December 14th). Each dividend is six cents per share so the total payment will be 18 cents per share.

To make this clear, Oracle’s fiscal year ends on May 31st, so the company just wrapped up its fiscal second quarter.

This isn’t a special dividend. The December payment will be in lieu of dividends for the rest of the fiscal year.

Oracle also announced that it will release its Q2 earnings on December 18th.

Posted by on December 3rd, 2012 at 4:33 pm

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