Staples, Inc. Increases Dividend by 11% to $0.10

Staples, Inc. SPLS announced today that its Board of Directors has declared a quarterly cash dividend on Staples, Inc. common stock of $0.10 per share, an increase of 11% over the previous quarterly cash dividend of $0.09 per share.

On an annualized basis, the quarterly dividend is equal to $0.40 per share from the $0.36 per share that the company paid in 2010. The dividend is payable on April 14, 2011, to shareholders of record on March 25, 2011.