Oracle’s (ORCL) Strategic Innovation Boosts its Dividend Appeal

Oracle Corporation (NYSE:ORCL) is included among the 11 Innovative Dividend Stocks to Buy Now.

Oracle’s (ORCL) Strategic Innovation Boosts its Dividend Appeal

A team of IT professionals meticulously crafting a large-scale enterprise performance management system.

The company introduced the world’s first autonomous database, marking a significant milestone in data management. It also offers one of the most comprehensive and advanced collections of AI-driven cloud applications across the industry. In addition, Oracle supports the largest electronic health record (EHR) implementation globally, catering to over 9.5 million beneficiaries across the United States, Europe, and the Asia Pacific region.

Although Oracle Corporation (NYSE:ORCL) was initially viewed as a late entrant in the cloud infrastructure market, it has managed to establish a strong position, particularly by helping clients handle artificial intelligence workloads. This focus has led to fast-paced growth in that segment.

Oracle Corporation (NYSE:ORCL) is popular among dividend investors as the company has paid uninterrupted dividends since 2009. The company offers a quarterly dividend of $0.50 per share and has a dividend yield of 0.81%, as of July 28.

While we acknowledge the potential of ORCL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ORCL and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best and Safe Dividend Stocks to Buy Now and 10 Stocks with Highest Dividend to Buy Right Now.

Disclosure: None.