Orange Announces Semiannual Dividend of $0.29 (ORAN)

Orange (NYSE:ORAN) announced a semiannual dividend on Wednesday, November 15th, Wall Street Journal reports. Stockholders of record on Monday, December 4th will be paid a dividend of 0.294 per share by the technology company on Thursday, December 28th. This represents a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, December 1st.

Orange has a payout ratio of 88.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Orange to earn $1.25 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 72.0%.

Shares of Orange (ORAN) traded down $0.02 on Wednesday, hitting $16.44. The stock had a trading volume of 305,100 shares, compared to its average volume of 367,503. Orange has a 1 year low of $13.98 and a 1 year high of $17.63. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.91.

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A number of brokerages have recently commented on ORAN. Zacks Investment Research upgraded Orange from a “sell” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Wednesday, October 4th. Bank of America Corporation upgraded Orange from a “neutral” rating to a “buy” rating in a research note on Monday, October 30th. BidaskClub downgraded Orange from a “hold” rating to a “sell” rating in a research note on Wednesday, September 13th. Finally, BNP Paribas restated an “underperform” rating on shares of Orange in a research note on Tuesday, September 5th. Three investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $18.00.

About Orange

Orange SA is a telecommunications operator. The Company also provides telecommunication services to multinational companies, under the brand Orange Business Services. The Company’s segments include France, Spain, Poland, Belgium and Luxembourg, Central European countries, Africa and Middle East, Enterprise, and International Carriers & Shared Services.

Dividend History for Orange (NYSE:ORAN)

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