By Denny Jacob


Oracle Corp. on Thursday said its board raised its quarterly cash dividend 25% to 40 cents a share from 32 cents.

The business software giant said Chairman Larry Ellison, its largest shareholder, didn't participate in the deliberation or vote on the matter.

The dividend will be paid on April 24 to shareholders of record as of the close of business on April 11, Oracle said.


Write to Denny Jacob at denny.jacob@wsj.com


(END) Dow Jones Newswires

03-09-23 1641ET