Copy specialist Xerox will pay a second-quarter dividend of $0.0575 per share, the same rate it paid last quarter after raising the payout 5% from $0.0425 per share, the company announced yesterday.
The board of directors said the quarterly dividend is payable on July 31 to the holders of record at the close of business on June 28. Xerox has paid quarterly dividends since 1971. The board also declared a quarterly cash dividend of $20 per share on Xerox Series A Convertible Perpetual Preferred Stock.
The regular dividend payment equates to a $0.23-per-share annual dividend yielding 2.6% based on the closing price of Xerox's stock on May 21.
The article Xerox Copies Dividend for Second Quarter originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.