Orange S.A. (NYSE:ORAN - Get Free Report) declared a semi-annual dividend on Friday, May 10th, Wall Street Journal reports. Shareholders of record on Monday, June 3rd will be given a dividend of 0.4523 per share by the technology company on Friday, June 21st. This represents a yield of 5.1%. The ex-dividend date is Monday, June 3rd. This is a positive change from Orange's previous semi-annual dividend of $0.32.
Orange has increased its dividend payment by an average of 1.8% annually over the last three years. Orange has a dividend payout ratio of 51.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Orange to earn $1.42 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 45.1%.
Orange Stock Down 0.2 %
NYSE:ORAN traded down $0.02 on Friday, reaching $11.35. The stock had a trading volume of 267,080 shares, compared to its average volume of 445,135. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.79 and a current ratio of 0.83. Orange has a 12-month low of $10.97 and a 12-month high of $12.66. The company has a 50-day moving average of $11.41 and a 200 day moving average of $11.65.
Analysts Set New Price Targets
ORAN has been the topic of a number of analyst reports. StockNews.com cut shares of Orange from a "buy" rating to a "hold" rating in a report on Friday, April 26th. JPMorgan Chase & Co. began coverage on Orange in a report on Wednesday, April 17th. They set an "overweight" rating on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Orange presently has an average rating of "Moderate Buy" and a consensus target price of $13.08.
Check Out Our Latest Analysis on Orange
About Orange
(
Get Free Report)
Orange SA provides various fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. The company operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; Orange business; Totem; International Carriers & Shared Services; and Mobile Financial Services segments.
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