Staples (SPLS) Raises Dividend 9%
By Daniel James Hayden IV
March 09, 2010 6:07 PM
March 09, 2010 6:07 PM
Staples, Inc. (Nasdaq: SPLS) announced late on Tuesday that it would raise its quarterly cash dividend from 8.25 cents per share to 9 cents per share.
Staples, the world’s largest office products company with 2009 sales of $24 billion and 91,000 employees worldwide, will pay the dividend on April 15 to shareholders of record on March 26.
Staples rose slightly in Tuesday trading, before closing at $22.91 and has a 52-week trading range of $14.38 to $26.00.
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