Xerox Declares Common and Preferred Stock Dividends
Xerox 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.
The article Xerox Declares Common and Preferred Stock Dividends originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Xerox. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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