Xerox Appoints Louie Pastor as Chief Operating Officer, Cuts Quarterly Dividend to $0.025

Xerox has appointed Louie Pastor as Chief Operating Officer. The company has also declared a quarterly dividend of $0.025 per share, payable on October 31, 2025. Additionally, Xerox has entered into an agreement with Kyocera to offer high-speed production inkjet presses. The company's Q2 revenue has beaten expectations, and Xerox has completed its $1.5 billion acquisition of Lexmark.

Norwalk, Conn.--(BUSINESS WIRE)--Xerox Holdings Corporation (NASDAQ: XRX) has recently announced a series of strategic moves aimed at bolstering its financial performance and market position. The company appointed Louie Pastor as its new Chief Operating Officer, a role that will oversee the company's day-to-day operations and strategic initiatives. Additionally, Xerox has declared a quarterly dividend of $0.025 per share, payable on October 31, 2025, to shareholders of record on September 30, 2025 [1].

The dividend declaration comes on the heels of Xerox's strong Q2 performance, with revenue exceeding market expectations. The company has also completed its $1.5 billion acquisition of Lexmark, which is expected to yield significant cost synergies and contribute to revenue growth. Furthermore, Xerox has entered into a strategic partnership with Kyocera to introduce high-speed production inkjet presses to the market, marking the company's re-entry into the cut-sheet inkjet segment [3].

The appointment of Louie Pastor as COO signals a shift in Xerox's leadership structure, with a focus on operational efficiency and strategic execution. His appointment follows the company's recent acquisitions and partnerships, which aim to expand its service capabilities and enhance its portfolio of workplace technologies.

Xerox's forward yield stands at 2.4% following the dividend declaration, which is in line with previous payouts [2]. The company continues to redefine the workplace experience through advanced print, digital, and AI-driven technologies, positioning itself as a key player in the hybrid workplace market.

References:
[1] https://www.businesswire.com/news/home/20250805729573/en/Xerox-Holdings-Corporation-Declares-Dividend-on-Common-and-Preferred-Stock
[2] https://seekingalpha.com/news/4480616-xerox-holdings-corporation-declares-0_025-dividend
[3] https://www.facebook.com/proofficesolutionsllp/posts/-xerox-partners-with-kyocera-to-bring-high-speed-production-inkjet-presses-to-th/1322919596506277/