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

Xerox Holdings Co. (NASDAQ:XRX) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.025 per share by the information technology services provider on Friday, October 30th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, September 30th.

Xerox has decreased its dividend by an average of 0.3%per year over the last three years. Xerox has a dividend payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Xerox to earn $0.87 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 11.5%.

Xerox Trading Up 2.9%

Shares of XRX stock opened at $3.23 on Friday. Xerox has a 1-year low of $1.19 and a 1-year high of $4.42. The firm has a market cap of $422.42 million, a PE ratio of -0.44 and a beta of 2.40. The company has a 50-day moving average of $3.03 and a two-hundred day moving average of $2.33. The company has a debt-to-equity ratio of 12.58, a current ratio of 1.18 and a quick ratio of 0.85.

Xerox (NASDAQ:XRX) last released its quarterly earnings results on Thursday, July 30th. The information technology services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.32. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.90 billion. Xerox had a negative net margin of 11.93% and a positive return on equity of 17.61%. The business’s revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.64) EPS. On average, analysts predict that Xerox will post 0.19 EPS for the current 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.