Xerox Board Declares Dividends on Common and Preferred Stock

Business Wire, Oct 12, 1998

STAMFORD, Conn.--(BUSINESS WIRE)--Oct. 12, 1998--Xerox Corporation's Board of Directors today declared quarterly dividends on the company's common and preferred stock, both unchanged from the previous quarter and payable Jan.1, 1999, to shareholders of record Dec. 4, 1998.

Payments will be 36 cents per share on the common stock and $1.5625 per share on the Series B convertible preferred stock, issued in 1989 in connection with the Xerox employee stock ownership program.

The common stock dividend is the 204th consecutive quarterly dividend disbursement declared by Xerox. -0-

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