Summary
Oracle Corporation (ORCL) filed an 8-K on September 17, 2018, primarily to furnish a press release detailing its financial results for the fiscal first quarter ended August 31, 2018. While specific financial figures are not detailed within the 8-K itself, investors are directed to the accompanying press release (Exhibit 99.1) for this crucial information. This filing is also significant as it announces the declaration of a quarterly cash dividend and a substantial authorization for additional share repurchases, signaling a commitment to returning capital to shareholders.
Key Highlights
- 1Oracle announced its financial results for the first fiscal quarter ended August 31, 2018, via a press release furnished with this 8-K.
- 2The company's Board of Directors declared a cash dividend of $0.19 per share.
- 3This dividend is payable on October 30, 2018, to shareholders of record as of October 16, 2018.
- 4Oracle's Board authorized an additional $12.0 billion for common stock repurchases.
- 5The share repurchase authorization will be executed under the company's existing program in future quarters.
- 6The filing points investors to Exhibit 99.1 for the detailed press release containing quarterly financial performance.
Frequently Asked Questions
The specific financial results for the fiscal first quarter ended August 31, 2018, are detailed in the press release dated September 17, 2018, which is furnished as Exhibit 99.1 to this 8-K filing.
Oracle's Board of Directors declared a cash dividend of $0.19 per share of outstanding common stock.
Oracle's Board of Directors authorized an additional $12.0 billion for the repurchase of its common stock under its existing share repurchase program.
The dividend is payable on October 30, 2018, to stockholders of record as of the close of business on October 16, 2018.