OfficeMax Keeps Dividend Steady

The office supplies retailer, which is being bought out by its rival, paid a special dividend of $1.50 per share last month.

By Rich Duprey – Jul 26, 2013 at 1:29PM EST

Office supplies retailer OfficeMax (NYSE: OMX) announced yesterday its third-quarter dividend of $0.02 per share, the same rate it's paid for the past four quarters after slashing the payout 87% from $0.15 per share.

The board of directors said the quarterly dividend is payable on Aug. 30 to the holders of record at the close of business on Aug. 15. The office supplies retailer paid a special dividend of $1.50 per share last month. It is in the midst of being acquired by Office Depot for $1.2 billion.

The regular dividend payment equates to an $0.08-per-share annual dividend, yielding 0.7% based on the closing price of OfficeMax's stock on July 25.

OMX Dividend data by YCharts. Chart reflects special dividend of $1.50 that was paid in June 2013 and does not include the just-announced payment.

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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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OfficeMax Keeps Dividend Steady

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