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Technology Stocks : Oracle Corporation (ORCL)

ORCL 260.55

+1.4%

1:47 PM EDT

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From: Sr K	12/3/2012 6:32:37 PM
	of 19079

Oracle to Pay Three Dividends in December DECEMBER 3, 2012 AT 3:13 PM PT By BENJAMIN PIMENTEL Oracle Corp. said it will pay three quarters worth of dividends in December, joining other companies in accelerating dividend payments ahead of likely increases in taxes in 2013. The business software company Monday said its board has approved an "accelerated" dividend totaling 18 cents a share for its fiscal 2013 second, third and fourth quarters. Oracle Chief Executive Larry Ellison, who is also the company's largest shareholder, did not take part in the discussions or the vote on the issue, the company said. Mr. Ellison owns 1.1 billion shares of Oracle and stands to receive about $198.9 million from the accelerated dividend. The dividend is intended to be "in lieu of quarterly dividends Oracle would have otherwise announced with its quarterly earnings results... and that would have been paid in calendar year 2013," the Redwood City, Calif.-based company said. Other companies, including Wal-Mart Stores Inc., have accelerated dividends into December from 2013, while some such as Las Vegas Sands Corp. have announced special dividends that will be paid before year end. wsj.com

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