Xerox Holdings Corporation Declares Dividend on Common and Preferred Stock

Rhea-AI Summary

Xerox Holdings (NASDAQ: XRX) announced that its board of directors has declared a quarterly dividend of $0.25 per share on Common Stock, payable on July 31, 2024, to shareholders of record as of June 28, 2024.

The board also declared a quarterly dividend of $20.00 per share on Series A Convertible Perpetual Preferred Stock, payable on July 1, 2024, to shareholders of record as of June 15, 2024.

Positive

• Xerox declared a quarterly dividend of $0.25 per share on Common Stock.
• Declaration of a quarterly dividend of $20.00 per share on Series A Convertible Perpetual Preferred Stock.
• Dividends demonstrate a commitment to returning value to shareholders.

Negative

• Dividends suggest a possible lack of profitable reinvestment opportunities.
• High dividend payout could imply reduced liquidity for other investments or operations.

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 July 31, 2024, to shareholders of record on June 28, 2024.

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 July 1, 2024, to shareholders of record on June 15, 2024.

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 the hybrid workplace of today and tomorrow. Today, Xerox is continuing its legacy of innovation to deliver client-centric and digitally driven technology solutions and meet the needs of today’s global, distributed workforce. From the office to industrial environments, our differentiated business and technology offerings and financial services are essential workplace technology solutions that drive success for our clients. At Xerox, we make work, work. Learn more at www.xerox.com and explore our commitment to diversity and inclusion.

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Xerox^® is a trademark of Xerox in the United States and/or other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240520469409/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 quarterly dividend declared by Xerox Holdings for Common Stock?

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

When is the dividend payable for Xerox Holdings Common Stock?

The dividend is payable on July 31, 2024, to shareholders of record on June 28, 2024.

What is the dividend declared on Xerox Holdings Series A Convertible Perpetual Preferred Stock?

Xerox Holdings declared a quarterly dividend of $20.00 per share on Series A Convertible Perpetual Preferred Stock.

When will the Series A Convertible Perpetual Preferred Stock dividend be paid?

The dividend is payable on July 1, 2024, to shareholders of record on June 15, 2024.