Xerox Holdings Co. (XRX) to Issue Quarterly Dividend of $0.13 on April 30th

Xerox Holdings Co. (NYSE:XRX) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Monday, March 31st will be given a dividend of 0.125 per share by the information technology services provider on Wednesday, April 30th. This represents a $0.50 dividend on an annualized basis and a yield of 9.75%. The ex-dividend date is Monday, March 31st.

Xerox has a payout ratio of 30.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Xerox to earn $1.21 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 41.3%.

Xerox Stock Down 5.5 %

XRX stock opened at $5.13 on Friday. The company has a market capitalization of $642.69 million, a price-to-earnings ratio of -0.48 and a beta of 1.66. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. The business’s 50 day moving average price is $7.32 and its two-hundred day moving average price is $8.64. Xerox has a fifty-two week low of $5.07 and a fifty-two week high of $18.18.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Xerox from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $9.50.

About Xerox

Xerox Holdings Corporation, together with its subsidiaries, operates as a workplace technology company that integrates hardware, services, and software for enterprises in the Americas, Europe, the Middle East, Africa, India, and internationally. The company operates through two segments, Print and Other; and FITTLE.