Xerox Holdings Corporation Declares Dividend on Common and Preferred Stock

Rhea-AI Summary

Xerox Holdings Corporation (NASDAQ: XRX) declared a quarterly dividend of $0.25 per share on its Common Stock, payable on August 1, 2022, to shareholders of record on June 30, 2022.

Additionally, the company announced a quarterly dividend of $20 per share on its Series A Convertible Perpetual Preferred Stock, payable on July 1, 2022, to shareholders of record on June 15, 2022.

Positive

• Quarterly dividend of $0.25 per share for Common Stock boosts income for shareholders.
• Quarterly dividend of $20 per share for Series A Preferred Stock enhances confidence in financial stability.

Negative

• None.

NORWALK, Conn.--(BUSINESS WIRE)-- Xerox Holdings Corporation (NASDAQ: XRX) announced today that its board of directors declared a quarterly dividend of $0.25 per share on Xerox Holdings Corporation Common Stock. The dividend is payable on August 1, 2022 to shareholders of record on June 30, 2022.

The board also declared a quarterly dividend of $20 per share on the outstanding Holdings Series A Convertible Perpetual Preferred Stock. The dividend is payable on July 1, 2022 to shareholders of record on June 15, 2022.

About Xerox Holdings Corporation (NASDAQ: XRX)
For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print technology, we’ve expanded into software and services to sustainably power today’s workforce. From the office to industrial environments, our differentiated business solutions and financial services are designed to make every day work better for clients — no matter where that work is being done. Today, Xerox scientists and engineers are continuing our legacy of innovation with disruptive technologies in digital transformation, augmented reality, robotic process automation, additive manufacturing, Industrial Internet of Things and cleantech. Learn more at xerox.com.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20220519005728/en/

Media Contact:

Justin Capella, Xerox, +1-203-258-6535, Justin.Capella@xerox.com

Investor Contact:

David Beckel, Xerox, +1-203-849-2318, David.Beckel@xerox.com

Source: Xerox Holdings Corporation

FAQ

What is the dividend amount declared by Xerox Holdings Corporation (XRX)?

Xerox Holdings Corporation declared a quarterly dividend of $0.25 per share on its Common Stock.

When will the dividend be payable for Xerox Holdings Corporation (XRX)?

The dividend will be payable on August 1, 2022, to shareholders of record on June 30, 2022.

What is the dividend for Series A Convertible Perpetual Preferred Stock of Xerox Holdings Corporation (XRX)?

The dividend declared is $20 per share, payable on July 1, 2022, to shareholders of record on June 15, 2022.

Is the dividend sustainable for Xerox Holdings Corporation (XRX)?

The announcement of dividends suggests confidence in Xerox's financial stability, though sustainability would depend on future earnings and cash flow.