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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
January 24, 1996
XEROX CORPORATION
(Exact name of registrant as specified in its charter)
New York 1-4471 16-0468020
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) No.)
800 Long Ridge Road
P. O. Box 1600
Stamford, Connecticut 06904-1600
(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code:
(203) 968-3000
This document consists of 2 pages.
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Item 5. Other Events
Registrant announced on January 24, 1996 a 16 percent
increase in its common stock dividend to an annual rate of
$3.48 per share, effective with the April 1, 1996 dividend
payment. At the same time, Registrant announced that its
board of directors has authorized a three-for-one stock
split, subject to shareholder approval at the annual meeting
on May 16, 1996.
Registrant announced yesterday that its board of directors
has authorized the repurchase of up to $1 billion of
Registrant's common stock on the open market, from time to
time, depending on market conditions.
Based on current prices, this repurchase would reduce the
number of outstanding shares by about 7 percent. There were
108.3 million common shares outstanding on December 31,
1995.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, Registrant has duly authorized this report to be
signed on its behalf by the undersigned duly authorized.
XEROX CORPORATION
By: MARTIN S. WAGNER
Assistant Secretary
Dated: February 7, 1996
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