It's a bit of a miracle any technology company that old is still going after all these years. "Dismal" does not seem like an accurate way of characterizing it.
(for someone just taking a glance at the stock price chart, which doesn't take into account dividends, it looks like they were performing well financially until COVID?)
Not quite 50 years, but you get the idea.
"Wow, that line has been flat for a long time! Why does anyone think this is a good investment?"
(not meant to be a commentary on Xerox's performance at all - they're clearly in a bad state right now)
Dividends are so out of favor now for most companies, it's not something I have personally cared that much about. But it is important to get a true picture, especially over very long timelines before tax laws changed that made buybacks more efficient.
Something like three fourths of the S&P 500 pay a dividend, so it's not really an irrelevancy.
so yeah, thanks Carl.
Or they might have destroyed them. I wonder how Lexmark is doing under their control.