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

Xerox Holdings Co. (NASDAQ:XRX) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.025 per share by the information technology services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, June 30th.

Xerox has decreased its dividend payment by an average of 0.3%per year over the last three years. Xerox has a payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Xerox to earn $0.96 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 10.4%.

Xerox Trading Down 1.2%

Shares of XRX stock opened at $2.54 on Thursday. The company has a debt-to-equity ratio of 14.04, a quick ratio of 0.85 and a current ratio of 1.18. The stock has a market capitalization of $332.18 million, a P/E ratio of -0.31 and a beta of 2.28. The company has a 50 day moving average price of $1.76 and a 200 day moving average price of $2.19. Xerox has a fifty-two week low of $1.19 and a fifty-two week high of $6.80.

Xerox (NASDAQ:XRX) last announced its quarterly earnings data on Thursday, April 30th. The information technology services provider reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.09. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Xerox had a negative net margin of 14.09% and a negative return on equity of 12.08%. The business’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.06) earnings per share. Equities research analysts predict that Xerox will post 0.16 EPS for the current fiscal year.

Xerox Company Profile

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.