Copy specialist Xerox (NYSE:XRX) will pay a second-quarter dividend of $0.0575 per share, the same rate it paid last quarter after raising the payout 5% from $0.0425 per share, the company announced yesterday.
The board of directors said the quarterly dividend is payable on July 31 to the holders of record at the close of business on June 28. Xerox has paid quarterly dividends since 1971. The board also declared a quarterly cash dividend of $20 per share on Xerox Series A Convertible Perpetual Preferred Stock.
The regular dividend payment equates to a $0.23-per-share annual dividend yielding 2.6% based on the closing price of Xerox's stock on May 21.