Xerox slides after dividend cut

ReutersMay 22, 2025 8:54 PM

Office equipment maker Xerox Holdings XRX.O shares fall 9.2% to $4.65 in extended trading

XRX cuts quarterly dividend to $0.025 per share

Co's board approves its dividend policy update in anticipation of the closing of the Lexmark transaction

Xerox also reiterates its 2025 forecast

"Consistent with our previously stated capital allocation priorities to reduce leverage post-closing, we believe reducing our dividend creates greater financial flexibility to deploy cash in the most accretive manner" - CFO Mirlanda Gecaj

As of last close, stock down ~39% this year

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