Staples (NASDAQ:SPLS) is passing along another chunk of cash to its shareholders. The company has declared a dividend for its Q2 amounting to $0.12 per share of common stock. This will be handed out on July 18 to shareholders of record as of June 28. That amount matches the firm's previous distribution, which was handed out in April. Prior to that, Staples paid a penny less at $0.11 per share.
The firm is a steady and reliable dividend payer. Since mid-2009, its distribution has crept upwards from $0.0825 to the present level.
The just-declared dividend annualizes to $0.48 per share. That yields 3.2% at Staples' most recent closing stock price of $14.77.
Fool contributor Eric Volkman has no position in Staples. The Motley Fool owns shares of Staples. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.