Time for big techs to pay up!

By Paul R. La Monica, CNNMoney
2009-3-19 13:47:51

NEW YORK (CNNMoney.com) -- To preserve cash, several big banks, including some healthy ones, have been forced to slash their dividends.

But even in this brutal recession, there are some companies sitting on piles of money that they could return to their shareholders.

Take Oracle (ORCL, Fortune 500). The database software giant announced Wednesday that it was initiating its first ever dividend, a payout of 5 cents a share a quarter or 20 cents a share annually. The company also reported better-than-expected earnings for its latest quarter. Those two pieces of good news helped lift Oracle's stock 14% as of mid-afternoon trading Thursday.

Based on Wednesday's closing price of $15.83, Oracle's dividend will yield 1.3%, not bad for a starter dividend. (The dividend yield is calculated by dividing the annual dividend by the stock price.)

	Investment Basic Investment Overview Investment Approache Fundamentals Data Investment Stories www.fxj108.com	Time for big techs to pay up! By Paul R. La Monica, CNNMoney 2009-3-19 13:47:51 NEW YORK (CNNMoney.com) -- To preserve cash, several big banks, including some healthy ones, have been forced to slash their dividends. But even in this brutal recession, there are some companies sitting on piles of money that they could return to their shareholders. Take Oracle (ORCL, Fortune 500). The database software giant announced Wednesday that it was initiating its first ever dividend, a payout of 5 cents a share a quarter or 20 cents a share annually. The company also reported better-than-expected earnings for its latest quarter. Those two pieces of good news helped lift Oracle's stock 14% as of mid-afternoon trading Thursday. Based on Wednesday's closing price of $15.83, Oracle's dividend will yield 1.3%, not bad for a starter dividend. (The dividend yield is calculated by dividing the annual dividend by the stock price.)