BOCA RATON, Fla.--(BUSINESS WIRE)--Nov. 7, 2018--
Office Depot, Inc. (NASDAQ: ODP), a leading omni-channel 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 December 14, 2018, to shareholders of record at
the close of business on November 23, 2018.
About Office Depot, Inc.
Office Depot, Inc. (NASDAQ:ODP) is a leading provider of business
services and supplies, products and technology solutions through its
fully integrated omni-channel platform of approximately 1,400 stores,
online presence, and dedicated sales professionals and technicians to
small, medium and enterprise businesses. Through its banner brands
Office Depot®, OfficeMax®, CompuCom® and Grand&Toy®, the Company offers
its customers the tools and resources they need to focus on their
passion of starting, growing and running their business. For more
information, visit news.officedepot.com
and follow @officedepot on Facebook, Twitter and Instagram.
Office Depot is a trademark of The Office Club, Inc. OfficeMax is a
trademark of OMX, Inc. CompuCom is a trademark of CompuCom Systems, Inc.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; 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 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, policies 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 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181107005465/en/
Source: Office Depot, Inc.
Office Depot, Inc.
Investor Relations:
Tim Perrott,
561-438-4629
Timothy.Perrott@officedepot.com
or
Media
Relations:
Danny Jovic, 561-438-1594
Danny.Jovic@officedepot.com
