Xerox Stock To Go Ex-dividend Tomorrow (XRX)

NEW YORK ( TheStreet) -- The ex-dividend date for Xerox Corporation (NYSE: XRX) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $8.40 as of 9:35 a.m. ET, the dividend yield is 2.1%.

The average volume for Xerox has been 10.5 million shares per day over the past 30 days. Xerox has a market cap of $12.03 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 5.3% year to date as of the close of trading on Monday.

Xerox Corporation provides business process and information technology (IT) outsourcing, and document management services worldwide. The company has a P/E ratio of 9.1, below the average consumer durables industry P/E ratio of 11.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Xerox as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Xerox Ratings Report.

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