BOCA RATON, Fla.--(BUSINESS WIRE)--Feb. 6, 2018--
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.
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Source: Office Depot, Inc.
Office Depot, Inc.
Danny Jovic, 561-438-1594