Staples Raises Dividend 9%

Office supply retailer Staples (NASDAQ: SPLS  ) is raising its quarterly dividend from $0.11 per share to $0.12, a 9% increase, which is payable on April 18 to shareholders of record on March 29. On an annualized basis, the quarterly dividend is equal to $0.48 per share compared to $0.44 per share that Staples paid in 2012. 

Staples began paying an annual dividend in 2004, when it authorized a $0.20-per-share payment ($0.133 post-split). Beginning with the first quarter of 2009, it transitioned to a quarterly dividend payment schedule, which at the time was $0.0825 per share, or on an annualized basis, $0.33 per share. Staples has increased its dividend payout every year since 2009. (The chart below does not include the most recent increase.)SPLS Dividend Chart

SPLS Dividend data by YCharts

Staples is the world's largest office products company and the world's second-largest Internet retailer.

link


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2296618, ~/Articles/ArticleHandler.aspx, 8/28/2014 11:46:36 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement