Oracle Stock To Go Ex-dividend Tomorrow (ORCL)

NEW YORK ( TheStreet) -- The ex-dividend date for Oracle Corporation (Nasdaq: ORCL) is tomorrow, October 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $29.48 as of 9:30 a.m. ET, the dividend yield is 0.8%.

The average volume for Oracle has been 41.3 million shares per day over the past 30 days. Oracle has a market cap of $144.7 billion and is part of the technology sector and computer software & services industry. Shares are down 8.3% year to date as of the close of trading on Wednesday.

Oracle Corporation, an enterprise software company, develops, manufactures, markets, distributes, and services database and middleware software, applications software, and hardware systems worldwide. The company has a P/E ratio of 16.6, above the average computer software & services industry P/E ratio of 16.2 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Oracle as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Oracle Ratings Report.

See our dividend calendar or top-yielding stocks list.

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