NEW YORK (
) -- The ex-dividend date for
) is tomorrow, March 29, 2011. Owners of shares as of market close today will be eligible for a dividend of four cents per share. At a price of $10.66 as of 9:32 a.m. ET, the dividend yield is 1.7%.
The average volume for Xerox has been 12 million shares per day over the past 30 days. Xerox has a market cap of $14.4 billion and is part of the
industry. Shares are down 7.4% year to date as of the close of trading on Friday.
Xerox Corporation engages in the development, manufacture, marketing, service, and finance of document equipment, software, solutions, and services worldwide. The company operates in three segments: Technology, Services, and Other. The company has a P/E ratio of 23.9, equal to the average consumer durables industry P/E ratio and above the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates Xerox as hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and relatively poor performance when compared with the S&P 500 during the past year. You can view the full