Xerox Holdings Co. (XRX) to Issue Quarterly Dividend of $0.03 on January 30th

Xerox Holdings Co. (NYSE:XRX) announced a quarterly dividend on Thursday, November 6th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.025 per share by the information technology services provider on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, December 31st.

Xerox has a payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of XRX opened at $2.49 on Monday. The business has a 50-day moving average of $2.85 and a 200-day moving average of $3.87. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84. The company has a market capitalization of $318.82 million, a price-to-earnings ratio of -0.23 and a beta of 1.73. Xerox has a 1 year low of $2.32 and a 1 year high of $9.91.

Xerox (NYSE:XRX) last released its earnings results on Thursday, October 30th. The information technology services provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.38. Xerox had a negative net margin of 21.24% and a positive return on equity of 7.57%. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Xerox’s revenue was up 28.3% on a year-over-year basis. As a group, equities research analysts anticipate that Xerox will post 1.07 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on XRX shares. Zacks Research upgraded shares of Xerox from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 3rd. Citigroup decreased their price target on Xerox from $4.50 to $3.50 and set a “neutral” rating for the company in a report on Monday, November 10th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Xerox has an average rating of “Hold” and an average price target of $3.50.

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.