|Staples, Inc. Announces Nine Percent Increase in Quarterly Cash Dividend|
|FRAMINGHAM, Mass., Mar 09, 2010 (BUSINESS WIRE) -- Staples,
Inc. (Nasdaq: SPLS) announced today that its Board of Directors has
declared a quarterly cash dividend on Staples, Inc. common stock of
$0.09 per share, an increase of nine percent over the previous quarterly
cash dividend of $0.0825 per share. On an annualized basis, the
quarterly dividend is equal to $0.36 per share from the $0.33 per share
that the Company paid in 2009. The dividend is payable on April 15,
2010, to shareholders of record on March 26, 2010.
Staples, the world's largest office products company, is committed to making it easy for customers to buy a wide range of office products and services. Our broad selection of office supplies, electronics, technology and office furniture as well as business services, including computer repair and copying and printing, helps our customers run their offices efficiently. With 2009 sales of $24 billion and 91,000 associates worldwide, Staples operates in 25 countries throughout North and South America, Europe, Asia and Australia serving businesses of all sizes and consumers. Staples invented the office superstore concept in 1986 and today ranks second worldwide in e-commerce sales. The company is headquartered outside Boston. More information about Staples (Nasdaq: SPLS) is available at www.staples.com/media.
SOURCE: Staples, Inc.