Xerox Holdings Co. (XRX) to Distribute Quarterly Dividend of $0.03 on July 31st

Xerox Holdings Co. (NASDAQ:XRX – Get Free Report) declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.025 per share by the information technology services provider on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, June 30th.

Xerox has decreased its dividend by an average of 0.3%per year over the last three years. Xerox has a payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Xerox to earn $0.92 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 10.9%.

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Xerox Stock Performance

NASDAQ:XRX opened at $3.31 on Friday. The firm has a market capitalization of $432.88 million, a PE ratio of -0.40 and a beta of 2.40. The stock’s fifty day moving average is $2.72 and its 200 day moving average is $2.27. Xerox has a fifty-two week low of $1.19 and a fifty-two week high of $6.80. The company has a debt-to-equity ratio of 14.04, a quick ratio of 0.85 and a current ratio of 1.18.

Xerox (NASDAQ:XRX – Get Free Report) last posted 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. Xerox had a negative net margin of 14.09% and a negative return on equity of 12.08%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the previous year, the business posted ($0.06) earnings per share. The business’s revenue was up 26.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Xerox will post 0.03 earnings per share for the current year.

About Xerox

(Get Free Report)

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.

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