Office Depot Declares Quarterly Cash Dividend of $0.025 Per Share
May 09 2018 - 6:50AM
Business Wire
Office Depot, Inc. (NASDAQ: ODP), a leading omni-channel
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 June 15, 2018, to
shareholders of record at the close of business on May 25,
2018.
About Office Depot, Inc.
Office Depot, Inc. (NASDAQ:ODP) is a leading provider of
business services and supplies, products and technology solutions
through its fully integrated omni-channel platform of approximately
1,400 stores, online presence, and dedicated sales professionals
and technicians to small, medium and enterprise businesses. Through
its banner brands Office Depot®, OfficeMax®, CompuCom® and
Grand&Toy®, the company offers its customers the tools and
resources they need to focus on their passion of starting, growing
and running their business. For more information, visit
news.officedepot.com and follow @officedepot on Facebook, Twitter
and Instagram.
Office Depot is a trademark of The Office Club, Inc. OfficeMax
is a trademark of OMX, Inc. CompuCom is a trademark of CompuCom
Systems, Inc. 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; 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180509005043/en/
Office Depot, Inc.Investor RelationsRichard Leland,
561-438-3796Richard.Leland@officedepot.comorMedia
RelationsDanny Jovic,
561-438-1594Danny.Jovic@officedepot.com
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