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.


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Rich Duprey

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.


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5/24/2016 10:11 AM
SPLS $8.30 Up +0.02 +0.18%
Staples CAPS Rating: **