BOCA RATON, Fla.--(BUSINESS WIRE)--Feb. 14, 2017--
Office Depot, Inc. (NASDAQ: ODP) 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, 2017, to shareholders of record at the close of
business on March 3, 2017.
About Office Depot, Inc.
Office Depot, Inc. is a leading global provider of products, services,
and solutions for every workplace – whether your workplace is an office,
home, school or car.
As of our most recent filed annual report for fiscal year ended 2015,
the Company had annual sales of approximately $14 billion, employed
approximately 49,000 associates, and served consumers and businesses in
59 countries with approximately 1,800 retail stores, award-winning
e-commerce sites and a dedicated business-to-business sales organization
– all delivered through a global network of wholly owned operations,
franchisees, licensees and alliance partners. The Company operates under
several banner brands including Office Depot, OfficeMax 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”.
All trademarks, service marks and trade names of Office Depot, Inc.
and OfficeMax Incorporated used herein are trademarks or registered
trademarks of Office Depot, Inc. and OfficeMax Incorporated,
respectively. 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 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,” “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, risks
related to the termination of the Staples acquisition, disruption in key
business activities or any impact on Office Depot’s relationships with
third parties as a result of the announcement of the termination of the
Staples Merger Agreement; unanticipated changes in the markets for
Office Depot’s business segments; the inability to realize expected
benefits from the disposition of the European operations; fluctuations
in currency exchange rates, unanticipated downturns in business
relationships with customers; 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 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 Reports on Form 10-K, as amended, and Quarterly
Reports on Form 10-Q filed with the Securities and Exchange Commission.
Office Depot does not assume any obligation to update or revise any
View source version on businesswire.com: http://www.businesswire.com/news/home/20170214005220/en/
Source: Office Depot, Inc.
Office Depot, Inc.
Richard Leland, 561-438-3796