Xerox Holdings Co. (NYSE:XRX) to Issue $0.25 Quarterly Dividend

Xerox Holdings Co. (NYSE:XRX - Get Free Report) declared a quarterly dividend on Thursday, August 1st, RTT News reports. Investors of record on Monday, September 30th will be paid a dividend of 0.25 per share by the information technology services provider on Thursday, October 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.55%.How HP Stock Could Bring Double-Digit Upside for BuffettXerox has a dividend payout ratio of 52.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Xerox to earn $1.98 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 50.5%. Xerox Trading Down 2.8 %Xerox stock traded down $0.30 during midday trading on Thursday, reaching $10.47. The stock had a trading volume of 1,192,944 shares, compared to its average volume of 2,204,172. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -6.86 and a beta of 1.58. The company has a fifty day moving average of $12.56 and a 200 day moving average of $15.24. Xerox has a 52-week low of $10.28 and a 52-week high of $19.78. The company has a quick ratio of 1.13, a current ratio of 1.49 and a debt-to-equity ratio of 1.48. Is Xerox’s 6% dividend a value deal or a value trap? Xerox (NYSE:XRX - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The information technology services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.14). Xerox had a positive return on equity of 7.49% and a negative net margin of 1.60%. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company's quarterly revenue was down 10.0% on a year-over-year basis. On average, analysts anticipate that Xerox will post 1.88 earnings per share for the current fiscal year. Analyst Upgrades and DowngradesA number of brokerages have commented on XRX. JPMorgan Chase & Co. dropped their price objective on shares of Xerox from $18.00 to $17.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 24th. StockNews.com downgraded shares of Xerox from a "buy" rating to a "hold" rating in a report on Friday, July 26th. Finally, Citigroup initiated coverage on shares of Xerox in a research report on Friday, June 28th. They set a "sell" rating and a $11.00 price target on the stock.2 former tech trailblazers rising like a phoenix View Our Latest Stock Report on XeroxXerox Company Profile (Get Free Report)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.Featured StoriesFive stocks we like better than XeroxAre Penny Stocks a Good Fit for Your Portfolio?First Solar Stock: The Dawn of a New Rally in Share PricesBest Aerospace Stocks Investing Mastercard Stock's Q2 Financial Results Outshine CompetitorsInvesting in Construction StocksTobacco Giant's Shares Fall on EPS Miss, Lackluster Pouch GainsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Trump Warns Gov. Can Confiscate Your Money. CBDC's give Gov. absolute (From Monetary Gold) (Ad)Should you invest $1,000 in Xerox right now?Before you consider Xerox, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Xerox wasn't on the list.While Xerox currently has a "Strong Sell" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here