Office Depot Declares Quarterly Cash Dividend of $0.025 Per Share
February 06 2018 - 8:00AM
Business Wire
Office Depot, Inc. (NASDAQ: ODP), a leading omnichannel provider
of business services, products and technology, today announced that
its Board of Directors declared a dividend of $0.025 per share
($0.10 per share on an annualized basis) on the common stock of the
Company. The dividend is payable on March 15, 2018, to shareholders
of record at the close of business on March 2, 2018.
About Office Depot, Inc.
Office Depot, Inc. is a leading provider of office supplies,
business products and services delivered through an omnichannel
platform.
The company had 2016 annual sales of approximately $11 billion,
employed approximately 38,000 associates, and served consumers and
businesses in North America and abroad with approximately 1,400
retail stores, award-winning e-commerce sites and a dedicated
business-to-business sales organization – with a global network of
wholly owned operations, franchisees, licensees and alliance
partners. The company operates under several banner brands
including Office Depot®, OfficeMax®, BizBox, CompuCom®, Complete
Office and Grand&Toy®. The company’s portfolio of exclusive
product brands include TUL®, Foray®, Brenton Studio®, Ativa®,
WorkPro®, Realspace® and Highmark®.
Office Depot, Inc.’s common stock is listed on the NASDAQ Global
Select Market under the symbol “ODP.”
Office Depot, Foray, Ativa and Realspace are trademarks of The
Office Club, Inc. OfficeMax, TUL, Brenton Studio, WorkPro and
Highmark are trademarks of OMX, Inc. CompuCom is a trademark of
CompuCom Systems, Inc. and Complete Office is a trademark of
Complete Office Solutions, LLC. Grand&Toy is a trademark of
Grand & Toy, LLC in Canada. ©2018 Office Depot, Inc. All rights
reserved. Any other product or company names mentioned herein are
the trademarks of their respective owners.
FORWARD LOOKING STATEMENTS
This communication may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements or disclosures may discuss goals, intentions
and expectations as to future trends, plans, events, results of
operations, cash flow or financial condition, or state other
information relating to, among other things, Office Depot, based on
current beliefs and assumptions made by, and information currently
available to, management. Forward-looking statements generally will
be accompanied by words such as “anticipate,” “believe,” “plan,”
“could,” “estimate,” “expect,” “forecast,” “guidance,” “outlook,”
“intend,” “may,” “possible,” “potential,” “predict,” “project,”
“propose” or other similar words, phrases or expressions, or other
variations of such words. These forward-looking statements are
subject to various risks and uncertainties, many of which are
outside of Office Depot’s control. There can be no assurances that
Office Depot will realize these expectations or that these beliefs
will prove correct, and therefore investors and stockholders should
not place undue reliance on such statements.
Factors that could cause actual results to differ materially
from those in the forward-looking statements include, among other
things, the risk that Office Depot is unable to transform the
business into a service-driven company or that such a strategy will
result in the benefits anticipated; the risk that Office Depot may
not be able to realize the anticipated benefits of the CompuCom
transaction due to unforeseen liabilities, future capital
expenditures, expenses, indebtedness and the unanticipated loss of
key customers or the inability to achieve expected revenues,
synergies, cost savings or financial performance; uncertainty of
the expected financial performance of Office Depot following the
completion of the CompuCom transaction; impact of weather events on
Office Depot’s business; unanticipated changes in the markets for
Office Depot’s business segments; the inability to realize expected
benefits from the disposition of the European and other
international operations; fluctuations in currency exchange rates,
unanticipated downturns in business relationships with customers or
terms with the company’s suppliers; competitive pressures on Office
Depot’s sales and pricing; increases in the cost of material,
energy and other production costs, or unexpected costs that cannot
be recouped in product pricing; the introduction of competing
technology products and services; unexpected technical or marketing
difficulties; unexpected claims, charges, litigation, dispute
resolutions or settlement expenses; new laws, tariffs and
governmental regulations. The foregoing list of factors is not
exhaustive. Investors and stockholders should carefully consider
the foregoing factors and the other risks and uncertainties
described in Office Depot’s Annual Report on Form 10-K, as amended,
and Quarterly Reports on Form 10-Q filed with the U.S. Securities
and Exchange Commission. Office Depot does not assume any
obligation to update or revise any forward-looking statements.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180206005446/en/
Office Depot, Inc.Investor Relations:Richard Leland,
561-438-3796Richard.Leland@officedepot.comorMedia Relations:Danny
Jovic, 561-438-1594Danny.Jovic@officedepot.com
ODP (NASDAQ:ODP)
Historical Stock Chart
From Jul 2024 to Aug 2024
ODP (NASDAQ:ODP)
Historical Stock Chart
From Aug 2023 to Aug 2024