Tag Archives: NASDAQ:OTEX

Why We Just Bought This Dividend Stock Last week

Wow, I can’t believe I just spent about 5 hours yesterday preparing the information to be handed to my accountant for income tax reporting. Though, I’m grateful that I had all the information I needed at my finger tips with the help of modern day technology — computer, internet, and spreadsheets!

I still managed to buy a couple of dividend stocks last week. Although we love juicy dividends, we don’t restrict ourselves from not buying a dividend stock because it pays a below-market yield, as long as its total return potential is attractive. One dividend stock we just bought was OpenText (TSX:OTEX)(NASDAQ:OTEX).

Image by Gerd Altmann from Pixabay

OpenText: Business Overview

OpenText is a global company that provides enterprise information management (“EIM”) services. Below is a snapshot of the tech company. It forecasts that its addressable market is growing 8% and it has a large customer base. 

Source: February 2022 presentation, Slide 1
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Top Canadian Dividend Growth Stocks for January

Long-term investors should welcome the market correction that we’ve been experiencing. The Canadian market is down by about 11% in the last 12 months, creating opportunities to buy quality stocks at cheaper valuations.

Here are two out of seven top Canadian dividend ideas I wrote about here in December. They’re still excellent buys today. Both businesses actually report in U.S. dollars and trade on the U.S. market as well as on the TSX.

"big data" in text with related text around it, such as "analytics"
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