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NORWALK, Conn. - Xerox (NASDAQ:XRX) Holdings Corporation (NASDAQ: XRX) has announced the declaration of its quarterly dividends for both common and preferred stock. The company’s board of directors has decided to issue a dividend of $0.125 per share on its common stock, which will be payable to shareholders of record as of March 31, 2025, with the payment date set for April 30, 2025. The dividend represents a significant 12.45% yield, reflecting the company’s 18-year track record of consecutive dividend payments. InvestingPro data reveals several more insights about Xerox’s shareholder returns.
In addition, a quarterly dividend of $20.00 per share has been declared for the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock. This dividend is due to shareholders recorded on March 15, 2025, and will be distributed on April 1, 2025.
Xerox, with over a century of operation, has shifted its focus from its traditional print technology to a broader range of software and services designed to support the evolving hybrid workplace. The company emphasizes its role in providing technology solutions that cater to the needs of a distributed global workforce, aiming to enhance productivity in various work environments. Currently trading near its 52-week low of $7.77, the stock has experienced significant volatility, with a 53% decline over the past year. According to InvestingPro’s Fair Value analysis, the stock appears to be fairly valued.
The declaration of these dividends follows Xerox’s ongoing efforts to deliver value to its shareholders while continuing to innovate in its field. The company has a history of maintaining a dividend payout, which is often seen as a sign of financial stability and shareholder commitment. While current financials show challenges, analysts tracked by InvestingPro project a return to profitability this year, with an expected EPS of $1.13 for 2025.
This information is based on a press release statement from Xerox Holdings Corporation.
In other recent news, Xerox Holdings Corporation reported disappointing financial results for the fourth quarter of 2024, missing both earnings per share (EPS) and revenue expectations. The company posted an EPS of $0.36, significantly below the projected $0.67, while revenue reached $1.61 billion, falling short of the anticipated $1.69 billion. These results highlight ongoing challenges, as the company experienced an 8.6% revenue decline for the quarter and a 9.7% decrease for the full year, ending 2024 with $6.2 billion in revenue. Despite these setbacks, Xerox achieved $200 million in cost savings through its reinvention initiatives.
Looking forward, Xerox projects low single-digit revenue growth in 2025, with a focus on IT solutions and digital services. The company also plans to strengthen its core business through strategic acquisitions, including the purchase of IT Savvy and the pending acquisition of Lexmark. Analysts have noted that the reinvention strategy and acquisitions could help stabilize revenue and improve operating margins in the future. Additionally, Xerox aims to achieve an adjusted operating income margin of at least 5% and expects free cash flow between $350 million to $400 million in 2025. These developments underscore Xerox’s ongoing efforts to navigate its financial and operational challenges.
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