Xerox Holdings Co. Plans Quarterly Dividend of $0.03 (NASDAQ:XRX)

Xerox Holdings Co. (NASDAQ:XRX) declared a quarterly dividend on Wednesday, August 5th. Stockholders 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 dividend yield of 3.2%. The ex-dividend date is Wednesday, September 30th.

Xerox has decreased its dividend payment 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. 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 Stock Performance

Shares of Xerox stock opened at $3.14 on Thursday. The company has a 50-day simple moving average of $3.03 and a two-hundred day simple moving average of $2.32. The company has a market capitalization of $410.65 million, a PE ratio of -0.43 and a beta of 2.40. The company has a debt-to-equity ratio of 12.58, a quick ratio of 0.85 and a current ratio of 1.18. Xerox has a one year low of $1.19 and a one year high of $4.60.

About Xerox

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.