Staples, Inc. (SPLS) to Issue Quarterly Dividend of $0.12 on April 13th

Staples, Inc. (NASDAQ:SPLS) announced a quarterly dividend on Tuesday, March 7th. Shareholders of record on Friday, March 24th will be paid a dividend of 0.12 per share on Thursday, April 13th. This represents a $0.48 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date of this dividend is Wednesday, March 22nd.

Shares of Staples (NASDAQ:SPLS) opened at 8.83 on Tuesday. Staples has a 52 week low of $7.24 and a 52 week high of $11.37. The firm’s 50-day moving average is $9.05 and its 200-day moving average is $8.83. The firm’s market capitalization is $5.76 billion.

Staples (NASDAQ:SPLS) last announced its quarterly earnings data on Thursday, March 9th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Staples had a negative net margin of 2.25% and a positive return on equity of 11.46%. The company had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same period in the prior year, the firm earned $0.26 earnings per share. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. Equities analysts anticipate that Staples will post $0.89 EPS for the current year.

Dividend History for Staples (NASDAQ:SPLS)

A number of brokerages recently weighed in on SPLS. Zacks Investment Research raised shares of Staples from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Thursday, January 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $9.00 price target on shares of Staples in a research report on Saturday, March 11th. TheStreet raised shares of Staples from a “sell” rating to a “hold” rating in a research report on Monday, December 5th. Finally, Loop Capital began coverage on shares of Staples in a research report on Tuesday, December 13th. They set a “hold” rating and a $10.00 price target for the company. Twelve investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $9.95.

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Staples Company Profile

Staples, Inc is a provider of products and services for business customers and consumers. The Company offers a selection of products, Websites and mobile platforms, and a range of copy, print and technology services. The Company operates through three business segments, which include North American Stores & Online, North American Commercial and International Operations.

5 Day Chart for NASDAQ:SPLS

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