Open Text Corporation Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Open Text Corporation on October 31, 2018. The filing primarily serves to announce the Company's financial results for the quarter ended September 30, 2018, and to declare a cash dividend.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the press release furnished as Exhibit 99.1, which is referenced but not included in the provided text.
Material Changes and Events
- Dividend Declaration: The Board of Directors declared a cash dividend of $0.1518 per Common Share.
- Payment Details: The dividend is payable on December 20, 2018, to shareholders of record on November 30, 2018.
Guidance, Outlook, and Risks
The filing states that future dividends are subject to the Board's discretion based on financial position, results of operations, available cash resources, and contractual limitations in existing credit agreements. There is no assurance that future dividends will equal or resemble previous amounts, and the Board may reduce, suspend, or discontinue payments.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q3 2018 revenue, earnings, and cash flow figures.
- Verify the record date (November 30, 2018) and payment date (December 20, 2018) for the $0.1518 dividend.
- Assess the Company's credit agreement limitations regarding dividend payments.