On February 20, 2026, Xerox Holdings Corporation’s (NASDAQ: XRX) board of directors declared a quarterly dividend of $0.025 per share on common stock. The dividend is scheduled to be paid on April 30, 2026, to shareholders of record on March 31, 2026. Additionally, the board has declared a quarterly dividend of $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred stock, payable on April 1, 2026, to shareholders of record on March 15, 2026.
Xerox and Its Strategic Market Investments
Xerox Corporation, on February 17th, announced the formation and capitalization of a joint venture with TPG (formerly Texas Pacific Group), a global alternative asset management firm. The joint venture is structured as a licensing entity to manage, protect, and monetize certain assets of Xerox IP. The venture has raised $450 million for financing led by the TPG credit business.
The proceeds of the financing were further distributed to Xerox Corporation for usual corporate purposes like augmenting liquidity, accelerating the Company’s Reinvention, including the Lexmark integration. XRX Brandco Holdings LLC (“IPCo Holdings”) is the borrower entity in the new joint venture structure. Joe Lenz, the Partner and Co-Head of Research of TPG Credit Solutions, said that TPG is pleased with the partnership that aims to strengthen its balance sheet and support in execution for its long-term growth strategy. (Xerox Newsroom)
Furthermore, the firm also recently announced a new global market structure that will unify sales management, sharpen regional focus, and position the company to reinforce its commitment to disciplined execution. The new structure is scheduled to be effective from the second quarter of 2026. Xerox is aiming to build a model that can integrate sales systems, enabling stronger client outcomes by increasing sales efficiency and reducing service costs.
FY 2025 Revenue Growth and Profitability Concerns
During FY 2025, the firm reported a revenue growth of $7.02 billion, which was up 12.9 percent or 12.2 percent in constant currency. Xerox’s yield is higher than most of its peers, including HP Inc. (HPQ) and IBM. Yet, despite the high yield, Xerox’s EPS is negative, thereby raising concerns about long-term dividend security.
The current quarterly dividend of $0.025 is a significant reduction from its prior payout, thus reflecting financial restructuring. Overall, although Xerox offers a high dividend yield compared to its peers, it comes with elevated risks because of the lack of profitability and a history of dividend cuts.
About Xerox Holdings Corporation (NASDAQ: XRX)
Xerox Holdings Corporation (XRX) was founded in 1906 and is headquartered in Norwalk, Connecticut. Xerox is a global workplace technology company that operates in two mainsegments: the Print and Other, and the IT Solutions. Xerox is providing document systems, hardware, software, and services across North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific. Last year, the firm expanded its global footprint by acquiring Lexmark. Thereby strengthening Xerox’s service capabilities and equips a broader portfolio of workplace technologies for its clients.
