Core Insights - The article discusses the best non-REIT dividend stocks to invest in, highlighting the importance of dividends across various sectors beyond real estate investment trusts (REITs) [1][3] Dividend Market Overview - REITs have shown resilience in 2025, with aggregate funds from operations rising by 6.2%, net operating income increasing by 4.7%, and total dividends paid climbing by 6.3% compared to the same period in 2024, indicating strong fundamentals and disciplined capital access [2] - There is a significant demand for dividend-paying stocks, with over $1 trillion in funds and ETFs globally focusing on dividends, reflecting investors' desire for consistent and reliable income streams [3] Methodology for Stock Selection - The article identifies dividend-paying stocks outside of REITs with a yield above 3% as of January 31, and selects those with the highest number of hedge fund investors at the end of Q3 2025 [6] Company Highlights - **Open Text Corporation (NASDAQ:OTEX)**: - Dividend yield of 4.31% with 14 hedge fund holders; focuses on software for information management, heavily reliant on recurring revenue [9] - Analyst Stephanie Price from CIBC cut the price target to $37 from $40, maintaining a Neutral rating due to weaker-than-expected Q2 guidance [10] - The company plans to divest non-core business units, potentially reducing revenue by up to 20% to focus on AI-related content [12] - **NorthWestern Energy Group, Inc. (NASDAQ:NWE)**: - Dividend yield of 3.89% with 24 hedge fund holders; operates as a regulated utility providing electricity and natural gas [13] - Barclays raised its price target to $62 from $61, maintaining an Overweight rating following a solid Q3 performance with GAAP earnings of $0.62 per share [14][15] - The company is pursuing a strategic all-stock merger with Black Hills Corporation, expected to enhance its market presence [16]

Core Viewpoint - OpenText Corporation has completed the divestiture of its on-premise solution eDOCS to NetDocuments Software, Inc. for $163 million, with plans to use the proceeds to reduce outstanding debt [1][2]. Group 1: Transaction Details - The divestiture of eDOCS is part of OpenText's strategy to divest non-core assets and focus on its core business for long-term value creation [2]. - The transaction amount is $163 million in cash before taxes, fees, and other adjustments [1]. Group 2: Strategic Intent - OpenText aims to sharpen its focus on growing its core business, which is expected to accelerate long-term value creation [2]. - The company intends to utilize the net proceeds from the divestiture specifically for debt reduction [2]. Group 3: Company Overview - OpenText is recognized as a global leader in secure information management for AI, helping organizations manage their data effectively [3]. - The company's technologies are designed to convert data into contextual information, forming a knowledge base for AI applications [3].

Financial Results Announcement - OpenText Corporation will release its financial results for the second quarter of fiscal year 2026 on February 5, 2026, at approximately 4:00 p.m. ET [1] Conference Call Details - A conference call webcast will be hosted on February 5, 2026, at 5:00 p.m. ET by key executives including Tom Jenkins, James McGourlay, and Steve Rai [2] - The webcast will be accessible via the OpenText Investor Relations website and is expected to last 60 minutes [2] Company Overview - OpenText is a global leader in secure information management for AI, focusing on helping organizations protect, govern, and activate their data [3] - The company's technologies are designed to transform data into contextual information, forming a knowledge base for AI applications [3]

Summary of Key Points Core Viewpoint - Citi has lowered the price target for OpenText (OTEX) to $36 from $38 while maintaining a Neutral rating on the shares, indicating a cautious outlook on the company's performance in the current market environment [1]. Group 1: Company Adjustments - Citi adjusted its models in the application software group after discussions with management, reflecting a need to align expectations with the current market conditions [1]. Group 2: Market Environment - Companies are experiencing a stable but uncertain demand environment, with some positive impact from the reopening of the U.S. government, suggesting a mixed outlook for the sector [1]. Group 3: Investment Picks - Citi has identified Pegasystems (PEGA) as its new top pick, highlighting the company's leadership in artificial intelligence monetization [1]. - Additionally, Citi sees growth opportunities in Blackline (BL) and Workiva (WK), indicating a focus on companies with strong potential in the current market [1].

Core Points - The Annual Meeting of Shareholders for Open Text Corporation is being held virtually to enhance participation from shareholders who may not be able to attend in person [4] - The meeting includes members of the Board of Directors, management, and external auditors, indicating a comprehensive representation of the company's governance [3] - The meeting format allows for coordination among speakers located in different places and provides opportunities for online voting and questions from shareholders [4] Company Overview - Open Text Corporation is focused on engaging with its shareholders and addressing their inquiries during the annual meeting [3] - The virtual format of the meeting is a continuation of practices from previous years, aiming to facilitate broader shareholder involvement [4]

Core Point - The CGT labor union at LVMH's Moet & Chandon and Veuve Clicquot champagne units is urging staff to participate in protests to demand year-end bonuses from management [1] Group 1 - The protests are scheduled for Thursday, indicating a specific timeline for the labor action [1] - The call for protests highlights employee dissatisfaction regarding compensation, particularly year-end bonuses [1]

Financial Data and Key Metrics Changes - The company presented its audited, consolidated financial statements for the year 2025, which were delivered to shareholders in advance of the meeting [11] - The voting results for the election of directors and other business items will be disclosed in a report filed on SEDAR promptly following the meeting [41] Business Line Data and Key Metrics Changes - No specific data on business line performance or key metrics was provided during the meeting [43] Market Data and Key Metrics Changes - No specific market data or key metrics were discussed during the meeting [43] Company Strategy and Development Direction - The board believes that the continuation, amendment, and restatement of the company's Shareholder Rights Plan is in the best interest of the company [25] - The company is committed to maintaining a virtual format for meetings to enhance shareholder participation [2] Management Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during the meeting [43] Other Important Information - The meeting was conducted virtually to allow greater participation from shareholders [2] - The company confirmed that a quorum of shareholders was present for the meeting [9] Q&A Session Summary - No questions were received during the Q&A session that had not already been addressed [43]

Financial Data and Key Metrics Changes - The meeting included the presentation of the company's audited, consolidated financial statements for FY 2025, which were delivered to shareholders in advance [12] - The voting results for the election of directors and other business items will be disclosed in a report filed on SEDAR promptly following the meeting [38] Business Line Data and Key Metrics Changes - No specific data on business lines or key metrics changes were provided during the meeting Market Data and Key Metrics Changes - No specific market data or key metrics changes were discussed during the meeting Company Strategy and Development Direction and Industry Competition - The board believes that the continuation, amendment, and restatement of the company's Shareholder Rights Plan is in the best interest of the company, which requires reapproval every three years [25] - The company is focused on maintaining a majority of independent shareholders for the approval of the Shareholder Rights Plan [25] Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during the meeting Other Important Information - The meeting was conducted virtually to enhance shareholder participation, allowing those unable to travel to attend online [2] - The company confirmed that a quorum of shareholders was present, allowing the meeting to proceed [10] Summary of Q&A Session Questions and Answers - No questions were received during the Q&A session that had not already been addressed [40]

Core Insights - Donovan Jones is an IPO research specialist with 15 years of experience in identifying high-quality IPO opportunities [1] - He leads the investing group IPO Edge, which provides actionable information on growth stocks, including first-look IPO filings and an IPO calendar [1] Company and Industry Summary - IPO Edge offers a comprehensive guide to IPO investing, covering the entire lifecycle from filing to listing, including quiet period and lockup expiration dates [1]

Group 1 - The company is in the process of a CEO search, with an announcement expected by the end of the calendar year [1] - The search committee, composed of new board members, is responsible for the CEO search, reflecting a significant change in the board's composition [2] - The search committee includes experienced individuals, such as the recently retired chief CHRO of Hewlett-Packard and the CIO of Cisco, indicating a strong leadership team [2]