Office supply retailer Staples 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.)
Staples is the world's largest office products company and the world's second-largest Internet retailer.
The article Staples Raises Dividend 9% originally appeared on Fool.com.Fool contributor Rich Duprey 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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