Doling out money to shareholders is generally a sign of good fiscal health, and in this case it's a wondrous recovery from a desperate illness. Xerox announced on Nov. 19 that it's reinstating its dividend, which it hasn't paid in more than six years. True, it's not a thumping sum—0.0425 cents a share—but CEO Anne Mulcahy called the move and recent stock repurchases a sign of the "long-term value we're creating." The dividend goes into effect in January for shareholders of record as of Dec. 31. Xerox' financial woes date back to 2002, when it suffered a cash crunch, restated five years of revenue, and erased 43% of earnings.
Source: BusinessWeek Magazine
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