Oracle Corp. accelerated dividend payments for its next three quarters, joining a list of companies that have moved up payouts ahead of a potential U.S. tax increase next year.
The world's largest supplier of database software said it will pay one dividend of 18 cents a share, instead of three separate 6 cent-a-share payments for its fiscal second, third and fourth quarters of 2013. Oracle will issue the dividend on Dec. 21 to stockholders of record on Dec. 14, the Redwood Shores, California-based company said yesterday in a statement.
Larry Ellison, Oracle's chief executive officer and its largest shareholder, didn't participate in the deliberation or vote, the company said. The dividends would otherwise have been paid in calendar 2013, it said.
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