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Staples Keeps Steady Dividend

By Caroline Bennett - Sep 11, 2013 at 10:02AM

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Amount will be payable Oct. 17 to shareholders on record on Sept. 27.

Office retailer Staples (SPLS) plans to pay a $0.12 quarterly dividend to investors this quarter.

The company has paid shareholders this amount since April 2013, after raising its payout a penny, or 9%. Staples' latest quarterly dividend will be available on Oct. 17 to shareholders of record as of Sept. 27.

Annualized, Staples' dividend adds up to $0.48 per share. The office supplier's stock was trading at $14.55 as of the market's close on Sept. 10, which means its dividend currently yields 3.3%.

SPLS Dividend Chart

SPLS Dividend data by YCharts

Fool contributor Caroline Bennett has no position in any stocks mentioned. 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.

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