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 May 1, 2019. The filing primarily serves to announce the Company's financial results for the quarter ended March 31, 2019, 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 referenced as being detailed in the press release furnished as Exhibit 99.1, which is not included in the provided text.
Material Changes and Events
- Dividend Declaration: The Board of Directors declared a cash dividend of $0.1746 per Common Share.
- Payment Details: The dividend is payable on June 21, 2019, to shareholders of record on May 31, 2019.
Guidance, Outlook, and Risks
The filing notes 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 Q1 2019 revenue, earnings, and cash flow figures.
- Verify the record date (May 31, 2019) and payment date (June 21, 2019) for the $0.1746 dividend.
- Assess the Company's credit agreements for any covenants that could restrict future dividend payments.