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 January 31, 2019. The filing primarily serves to announce the Company's financial results for the quarter ended December 31, 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 Other Events
- Dividend Declaration: The Board of Directors declared a cash dividend of $0.1518 per Common Share.
- Payment Details: The dividend is payable on March 22, 2019, to shareholders of record on March 1, 2019.
- Dividend Policy: Future dividends are subject to the Board's discretion based on financial position, cash resources, and contractual limitations in existing credit agreements. There is no assurance that future dividends will equal or exceed current amounts.
Guidance, Outlook, and Risks
The filing text does not contain specific guidance, outlook, or management commentary regarding future performance. It notes that dividend payments are contingent on the Company's financial position and are subject to contractual limitations in credit agreements.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q4 2018 revenue, earnings, and cash flow figures.
- Verify the record date (March 1, 2019) and payment date (March 22, 2019) for the $0.1518 dividend.
- Assess the Company's credit agreements to understand contractual limitations on future dividend payments.
- Monitor subsequent filings for any changes to the dividend policy or financial outlook.