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

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

Office Depot, Inc. Announces Second Quarter 2016 Results

August 3, 2016 6:50 AM EDT

Announces Debt Retirement, Initiation of Quarterly Dividend, Expanded Share Repurchase Plan

Identifies Initiatives for Future Growth

Expands U.S. Retail Optimization and Store of the Future Plan

Launches $250 Million Cost Savings Program

BOCA RATON, Fla.--(BUSINESS WIRE)-- Office Depot, Inc. (Office Depot, or the company) (NASDAQ: ODP), a leading global provider of office products, services, and solutions, today announced results for the second quarter ended June 25, 2016.

We are making good progress rebuilding our sales pipeline and moving our overall... More