A first dividend on the preferred stock — what the odd figure of \$1,263.89 per share tells you
Alongside its March 10, 2026 results, Oracle disclosed that its board had declared cash dividends of \$1,263.89 per share on its mandatory convertible preferred stock and \$0.50 per share of common stock. The odd figure on the preferred reflects proration from the issue date.
Filing key facts
- CompanyORACLE CORP (ORCL)
- FormCurrent report (8-K)
- ExchangeNYSE,NYSE
- Industry (SIC)Services-Prepackaged Software
- Filing date2026-03-10
- Period2026-03-10
- 8-K events2.02 Results of operations and financial condition, 8.01 Other material events, 9.01 Financial statements and exhibits
- Accession no.0001193125-26-100148
Key points
- Oracle board declared cash dividends of \$1,263.89 per share of mandatory convertible preferred stock and \$0.50 per common share.
- The preferred dividend is payable April 15, 2026 and the common dividend April 24, 2026.
- The odd figure reflects proration from the February 5, 2026 issue date to the first payment date.
- At 6.50 percent on a \$100,000 liquidation preference, a full quarterly dividend would be \$1,625 per share.
- The filing uses Item 8.01, other events, alongside Item 2.02.
1Two dividends side by side
Shares of the same company carry per-share dividends of $1,263.89 and $0.50 — a vast gap that follows from the size of the preferred unit itself, whose liquidation preference is $100,000 per share. Where the units differ that much, comparing per-share dividends directly means nothing.
2Why the figure is odd
At 6.50 percent on a liquidation preference of $100,000, an annual dividend would be $6,500 per share, or $1,625 a quarter. The declared $1,263.89 falls below that. The preferred stock was issued February 5, 2026, so the span to the first payment date of April 15 is shorter than a full quarter. Dividends are prorated over the period held, which makes the first one alone an odd figure.
3From issuance to dividend
This site also covers the disclosure of that preferred issuance in February 2026, where a depositary held stock with a $100,000 liquidation preference and issued shares representing a 1/2,000th interest so investors could trade it. The dividend investors actually receive is divided in the same proportion. Reading the issuance and the dividend disclosures together shows how a financing structure behaves once it is running.
4Why the board decides on results day
The dividend declaration is disclosed under Item 8.01, other events, separately from the results. Boards typically declare dividends after reviewing the quarter, so the two are frequently disclosed on the same day, and several filings in the records this site holds carry Items 2.02 and 8.01 together.
Why it matters
Reading an issuance disclosure together with the dividend that follows shows how a financing structure behaves once running. Per-share amounts depend on the unit of the share, so face values alone carry no comparison.
FAQ
Why do the preferred and common dividends differ so much per share?
Why is only the first dividend an odd figure?
Sources (primary)
This article is an independent organization based on the U.S. SEC official disclosures below. Always verify the exact, latest details with the original filing.
- SEC EDGAR (filing index)
- Primary document (original)
- Accession no.：0001193125-26-100148