Oracle Corp. accelerated dividend payments for its next three quarters, joining a list of companies that have moved up payouts ahead of a potential U.S. tax increase next year.
The world's largest supplier of database software said it will pay one dividend of 18 cents a share, instead of three separate 6 cent-a-share payments for its fiscal second, third and fourth quarters of 2013. Oracle will issue the dividend on Dec. 21 to stockholders of record on Dec. 14, the Redwood Shores, California-based company said yesterday in a statement.
Larry Ellison, Oracle's chief executive officer and its largest shareholder, didn't participate in the deliberation or vote, the company said. The dividends would otherwise have been paid in calendar 2013, it said.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
