Office Depot (ODP) Misses Q2 EPS by 3c; Announces Cost Savings Program; Initiates Dividend, Hikes Stock Buyback

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Go back to Office Depot (ODP) Misses Q2 EPS by 3c; Announces Cost Savings Program; Initiates Dividend, Hikes Stock Buyback

Office Depot (ODP) Initiates Qtr. Dividend at 2.5c/Share; Yields 3%

August 3, 2016 6:54 AM EDT

Office Depot (NASDAQ: ODP) has initiated a quarterly dividend at $0.025 per share, or $0.10 annualized.

The dividend will be payable on September 15, 2016, to stockholders of record on August 25, 2016, with an ex-dividend date of August 23, 2016.

The annual yield on the dividend is 3... More