September 14, 2011
Staples To Buy Back $1.5B In Stock
By Rick Saia
Framingham-based Staples has approved the repurchase of $1.5 billion in stock and declared a quarterly cash dividend of 10 cents per share of common stock.
The office supply store chain said it will repurchase shares in both the open market and privately negotiated transactions.
The dividend, meanwhile, will be paid Oct. 13 to shareholders of record as of Sept. 23.
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