Xerox Holdings Co. (NASDAQ:XRX) Declares $0.03 Quarterly Dividend

Xerox Holdings Co. (NASDAQ:XRX) announced a quarterly dividend on Thursday, February 19th. Investors of record on Tuesday, March 31st will be given a dividend of 0.025 per share by the information technology services provider on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Tuesday, March 31st.

Xerox has decreased its dividend payment by an average of 0.3%annually over the last three years. Xerox has a dividend payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Xerox to earn $1.21 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 8.3%.

Xerox Trading Down 0.3%

Xerox stock traded down $0.01 during mid-day trading on Friday, hitting $1.86. 3,066,407 shares of the company’s stock were exchanged, compared to its average volume of 3,620,870. The company’s 50 day simple moving average is $2.37 and its 200-day simple moving average is $3.07. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 8.94. The firm has a market capitalization of $237.51 million, a P/E ratio of -0.23 and a beta of 1.72. Xerox has a fifty-two week low of $1.81 and a fifty-two week high of $8.12.

Xerox (NASDAQ:XRX) last released its quarterly earnings results on Thursday, January 29th. The information technology services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.25). The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.08 billion. Xerox had a negative return on equity of 8.26% and a negative net margin of 14.65%.The company’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.36 EPS. On average, equities analysts anticipate that Xerox will post 1.07 earnings per share for the current year.

About Xerox

Xerox Holdings Corporation (NYSE: XRX) is a global provider of document management technology and services. The company designs and manufactures a broad range of multifunction printers, production printers, digital presses and related consumables. In addition to its hardware offerings, Xerox delivers software and workflow automation solutions, managed print services and cloud-based document platforms that help organizations optimize their information-intensive processes.

Founded in 1906 as The Haloid Photographic Company, Xerox pioneered xerographic imaging in the late 1940s, launching the first plain-paper copier in 1959.