Xerox Holdings Corporation Declares Dividend on Common and Preferred Stock

Rhea-AI Summary

Xerox Holdings Corporation (NASDAQ: XRX) has announced a quarterly dividend of $0.25 per share on its common stock, payable on October 31, 2022, to shareholders of record as of September 30, 2022. Additionally, a dividend of $20.00 per share on the Series A Convertible Perpetual Preferred Stock will be paid on September 30, 2022, for shareholders of record on September 15, 2022. This decision reflects Xerox’s commitment to returning value to its shareholders.

Positive

• Declaration of a quarterly dividend of $0.25 per share on common stock, indicating financial strength.
• Additional $20.00 per share dividend on Series A Convertible Perpetual Preferred Stock, enhancing appeal to preferred shareholders.

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 October 31, 2022 to shareholders of record on September 30, 2022.

The board also declared a quarterly dividend of $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock. The dividend is payable on September 30, 2022, to shareholders of record on September 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/20220721005989/en/

Media:

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

Investor:

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

Source: Xerox Holdings Corporation

FAQ

What is the dividend amount announced by Xerox (XRX)?

Xerox has announced a quarterly dividend of $0.25 per share on its common stock.

When will the dividends be paid to shareholders of Xerox (XRX)?

The common stock dividend will be paid on October 31, 2022, and the preferred stock dividend on September 30, 2022.

Who are the shareholders eligible for the Xerox (XRX) dividend?

Shareholders of record on September 30, 2022, are eligible for the common stock dividend, while those on September 15, 2022, are eligible for the preferred stock dividend.

Is the dividend from Xerox (XRX) sustainable?

While the press release does not explicitly address sustainability, the declaration of dividends typically indicates confidence in financial health.