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Technology Stocks : Oracle Corporation (ORCL)

ORCL 262.61

+2.2%

3:59 PM EDT

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From: Sr K	6/20/2013 4:06:18 PM
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6/20/13 4:01 PM EDT Oracle also announced that its Board of Directors declared a quarterly cash dividend of $0.12 per share of outstanding common stock, reflecting a 100% increase over the current quarterly dividend of $0.06. Oracle's CEO and largest stockholder did not participate in the deliberation or the vote on this matter. This increased dividend will be paid to stockholders of record as of the close of business on July 12, 2013, with a payment date of August 2, 2013. Oracle also announced that its Board of Directors authorized the repurchase of up to an additional $12.0 billion of common stock under its existing share repurchase program in future quarters.

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