Orange (NYSE:ORAN) announced a semiannual dividend on Wednesday, November 15th, Wall Street Journal reports. Stockholders of record on Monday, December 4th will be given a dividend of 0.294 per share by the technology company on Thursday, December 28th. This represents a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, December 1st.

Orange has a dividend payout ratio of 57.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Orange to earn $1.25 per share next year, which means the company should continue to be able to cover its $0.59 annual dividend with an expected future payout ratio of 47.2%.

Shares of Orange (NYSE ORAN) opened at $16.97 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.71 and a current ratio of 0.74. Orange has a 1 year low of $13.98 and a 1 year high of $17.63.

A number of analysts have recently weighed in on the company. Zacks Investment Research downgraded Orange from a “buy” rating to a “hold” rating in a research report on Wednesday. Bank of America Corporation upgraded Orange from a “neutral” rating to a “buy” rating in a research report on Monday, October 30th. BidaskClub downgraded Orange from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Finally, BNP Paribas reiterated an “underperform” rating on shares of Orange in a research report on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Orange currently has a consensus rating of “Hold” and an average price target of $18.00.

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Orange Company Profile

Orange SA is a telecommunications operator. The Company also provides telecommunication services to multinational companies, under the brand Orange Business Services. The Company’s segments include France, Spain, Poland, Belgium and Luxembourg, Central European countries, Africa and Middle East, Enterprise, and International Carriers & Shared Services.

Dividend History for Orange (NYSE:ORAN)

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