Xerox increases share buyback program

Tue Nov 13, 2012 7:19am EST

Nov 13 (Reuters) - Xerox Corp said it plans to raise its dividend next year and increased its share buyback program by $1 billion, and said it will take a fourth-quarter charge of $100 million related to a previously announced restructuring.

Including the charge, Xerox said it now expects fourth-quarter earnings of 24 cents to 26 cents per share or adjusted earnings of 28 cents to 30 cents per share.