Xerox Holdings Co. (NASDAQ:XRX) to Issue $0.03 Quarterly Dividend

Xerox Holdings Co. (NASDAQ:XRX) declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.025 per share by the information technology services provider on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

Xerox has decreased its dividend payment by an average of 0.3%annually over the last three years. Xerox has a payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Xerox to earn $0.96 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 10.4%.

Xerox Trading Down 1.2%

Shares of Xerox stock opened at $2.54 on Thursday. The company has a fifty day simple moving average of $1.76 and a 200-day simple moving average of $2.19. Xerox has a 12-month low of $1.19 and a 12-month high of $6.80. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 14.04. The stock has a market cap of $332.18 million, a price-to-earnings ratio of -0.31 and a beta of 2.28.

Xerox (NASDAQ:XRX) last issued its earnings results on Thursday, April 30th. The information technology services provider reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.09. Xerox had a negative net margin of 14.09% and a negative return on equity of 12.08%. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the prior year, the business posted ($0.06) EPS. The company’s revenue for the quarter was up 26.7% on a year-over-year basis. On average, equities analysts forecast that Xerox will post 0.16 EPS for the current fiscal year.

Institutional Trading of Xerox

Institutional investors and hedge funds have recently bought and sold shares of the business. S Harris Financial Group LLC purchased a new stake in Xerox in the 4th quarter valued at $25,000. Captrust Financial Advisors purchased a new position in Xerox during the 2nd quarter worth $58,000. Williams & Novak LLC purchased a new position in Xerox during the 4th quarter worth $27,000. Socha Financial Group LLC purchased a new position in Xerox during the 3rd quarter worth $43,000. Finally, Boothbay Fund Management LLC purchased a new position in Xerox during the 3rd quarter worth $43,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

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.