Dividend Up but Sales, Profits Down for Xerox

Xerox Corp. investors woke up Friday to some good news, as the company announced a boost to its quarterly dividend. The Connecticut-based printing and business process outsourcing company said its next quarterly dividend, to be paid this spring, would be 6.25 cents, nearly a 9 percent jump over the prior dividend of 5.75 cents.

In a statement Friday, CEO Ursula Burns said Xerox "managed anticipated headwinds while continuing to build our business by investing in growth markets such as healthcare and graphic communications, and expanding services internationally. Looking ahead, we're focused on evolving our portfolio and implementing our cost initiatives to