Xerox Rebound Continues As It Restores Dividends |
| CRN - Nov 19, 2007 |
Xerox (NYSE:XRX)' long road back from its near-death experience hit a new milestone Monday, as the Stamford, Conn.-based document technology company restored shareholder dividends for the first time in six years.
In a statement, the company said it would pay out 4.25 cents per share to stock holders of record on Dec. 31. The dividend will be paid on Jan. 31, 2008, Xerox said.
"Declaring a dividend and our continued share repurchase initiatives reflect the health of our business and our belief in the long-term value we're creating for Xerox shareholders," Xerox Chairman and CEO Anne Mulcahy said in a statement. Mulcahy said the company has "significantly strengthened our financial position" to enable such a dividend.
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- Posted: 2007-11-19 10:12:04
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