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.
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.
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