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NEW YORK (

TheStreet

) -- The ex-dividend date for

Xerox Corporation

(NYSE:

XRX

) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $7.52 as of 9:30 a.m. ET, the dividend yield is 2.2%.

The average volume for Xerox has been 12.6 million shares per day over the past 30 days. Xerox has a market cap of $10.53 billion and is part of the

consumer goods

sector and

consumer durables

industry. Shares are down 5.4% year to date as of the close of trading on Monday.

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Xerox Corporation provides business process and information technology (IT) outsourcing, and document management services worldwide. The company has a P/E ratio of 8.7, equal to the average consumer durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Xerox as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Xerox Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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