Xerox Declares Common and Preferred Stock Dividends

Xerox (NYSE: XRX  ) is to spit out a pair of dividends in the coming months. The company has declared distributions for both its common and series A preferred stockholders. The former are to receive $0.0575 per share on October 31 if they are holders of record as of September 30. The series A preferred disbursement has been set at an even $20; this will be paid on October 1 to holders of record as of September 15.

The common stock payout matches both of the firm's previous distributions. The most recently declared of the two is to be handed out on July 31. Prior to that, Xerox paid $0.0425 per share.

The current common stock dividend annualizes to $0.23 per share. That yields 2.3% at Xerox's most recent closing stock price of $9.82.

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Eric Volkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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5/24/2016 10:19 AM
XRX $9.21 Up +0.10 +1.04%
Xerox Corp CAPS Rating: *****