Staples Raises Dividend 9%

Office products retailer has increased dividend every year since 2009.

By Rich Duprey – Mar 6, 2013 at 11:03AM EST

Office supply retailer Staples (SPLS +0.00%) 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 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 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. His coverage reflects his passion for motorcycles, booze, and guns (though not enjoyed all at the same time...usually), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Have a story idea? Contact Rich here. I may not be able to respond to every suggestion, but I do read them all! Does an article needs a correction? Reach Rich here.

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Staples Raises Dividend 9%

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