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Xerox's (NYSE: XRX) board of directors today declared a 35 percent increase in the company’s quarterly cash dividend to 5.75 cents per share on Xerox common stock. The dividend is payable on April 30, 2013 to shareholders of record on March 28, 2013.
The board also declared a quarterly cash dividend of $20 per share on Xerox Series A Convertible Perpetual Preferred Stock. The dividend is payable on April 1, 2013 to shareholders of record on March 15, 2013.