Xerox Holdings Co. ( NYSE:XRX – Get Rating ) declared a quarterly dividend on Thursday, May 25th, RTT News reports. Investors of record on Friday, June 30th will be paid a dividend of 0.25 per share by the information technology services provider on Monday, July 31st. This represents a $1.00 annualized dividend and a yield of 7.18%. Xerox has a payout ratio of 58.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Xerox to earn $1.75 per share next year, which means the company should continue to be able to cover its $1.

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