Business News

Xerox Declares Dividend on Common and Preferred Stock

Monday 01. March 2010 - Xerox Corporation's (NYSE: XRX) board of directors yesterday declared a quarterly cash dividend of 4.25 cents per share on Xerox common stock. The dividend is payable on April 30 to shareholders of record on March 31.

The board also declared an aggregate cash dividend of $3.67 million on the 300,000 shares of Xerox Series A Convertible Perpetual Preferred Stock that were issued on February 5 in connection with Xerox’s acquisition of Affiliated Computer Services, Inc. The dividend will be paid on April 1 to shareholders of record on March 15.