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Otello Corporation ASA provides cloud-based network solutions for mobile operators. It offers RocketColony, which enables mobile operators to optimize their network performance and quality. The company was formerly known as Opera Software ASA and changed its name to Otello Corporation ASA in January 2018. Otello Corporation ASA was founded in 1995 and is based in Oslo, Norway.

Otello Dividend Announcement

Otello announced a annually dividend of $21.00 per ordinary share which will be made payable on 2022-08-18. Ex dividend date: 2022-08-09
Otello's trailing twelve-month (TTM) dividend yield is -%

Otello Dividend History

Ex-Div dateDividend amountDividend typePay date
2022-08-09$21.00annually2022-08-18
2015-06-03$0.26annually
2014-06-04$0.24annually

Otello Dividend per year

Otello Dividend Yield

Otello current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Otello stock? Use our calculator to estimate your expected dividend yield:

Otello Financial Ratios

P/E ratio-3.22
PEG ratio-0.10
P/B ratio0.60
ROE-17.37%
Payout ratio0.00%
Current ratio22.83
Quick ratio22.83
Cash Ratio22.44

Otello Dividend FAQ

Does Otello stock pay dividends?
Otello does not currently pay dividends to its shareholders.
Has Otello ever paid a dividend?
No, Otello has no a history of paying dividends to its shareholders. Otello is not known for its dividend payments.
Why doesn't Otello pay dividends?
There are several potential reasons why Otello would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Otello ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Otello has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Otello a dividend aristocrat?
Otello is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Otello a dividend king?
Otello is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Otello a dividend stock?
No, Otello is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Otello stocks?
To buy Otello you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Otello stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.