Xerox Declares Dividends

Xerox is making a fresh copy of its previous common stock dividend. The company has declared a distribution of $0.0575 per share, to be dispensed on Jan. 31 to shareholders of record as of Dec. 31. That amount matches each of the company's three preceding declared payouts, the most recent of which is to be paid on Oct. 31.

Xerox also declared a $20.00-per-share dividend for its series A convertible preferred stock. That will be paid Jan. 1 to holders of record as of Dec. 15.

The just-declared common stock distribution annualizes to $0.23 per share. That yields 2.2% at Xerox's most recent closing stock price of $10.66.

The article Xerox Declares Dividends originally appeared on Fool.com.

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