Xerox Corp (NYSE:XRX) board of directors has declared on Wednesday a quarterly dividend of $0.7750 per share. Shareholders of record on September 30 will receive the dividend on October 31.

Moreover, the company’s board of directors has also declared a quarterly dividend of $20 per share on Xerox Series A Convertible Perpetual Preferred Stock, which is payable on October 1 to investors of record on September 15.

Service Quality Supplier of the Year Award

Earlier this week, the Fiat Chrysler Automobiles (FCA) US LLC has named Xerox as the Service Quality Supplier of the Year in the 6th Qualitas Awards Ceremony held in Detroit. Xerox bagged the coveted recognition mainly because of its global managed print services (MPS) program. Aside from that, Xerox’s proven commitment to FCA US over the past years also played a major role in its winning such honor.

The award reiterates Xerox’s commitment to valuable services since the prestigious award-giving body is known for recognizing only the best of the best when it comes to quality. Scott Thiele, FCA NV Global Purchasing Officer and FCA North America Head of Purchasing and Supplier Quality, reiterated that FCA recognizes its dedicated partners and suppliers for their outstanding contributions to its success.

Qualitas carefully evaluates every nominee’s External Balanced Scorecard, which looks at various aspects such as cost, delivery, partnership, quality, warranty, among others. The evaluation process of determining the rightful recipients of the awards also include the inputs of an FCA senior officer.

Xerox-FCA US Collaboration

Xerox and the automaker worked on a global MPS technology in 2015, servicing over 3,000 printers in all of FCA US offices and facilities across the US, Canada, and Mexico. With the partnership, Xerox has helped FCA US to cut annual printing expenses by more than 7.5% while improving efficiency as well.

Mike Feldman, Xerox Large Enterprise Operations President, noted that Xerox has been a standout from the rest because of its consistent delivery and promise of sustainability and security. With the company’s drive, it was able to tailor cost-efficient solutions that help big companies like FCA US maximize what Xerox has to offer.