Staples, Inc. Announces 11% Increase in Quarterly Cash Dividend

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: 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.

About Staples

Staples, the world’s largest office products company, is committed to making it easy for customers to buy a wide range of office products and services. Our broad selection of office supplies, electronics, technology and office furniture as well as business services, including computer repair and copying and printing, helps our customers run their offices efficiently. With 2010 sales of $25 billion and 89,000 associates worldwide, Staples operates in 26 countries throughout North and South America, Europe, Asia and Australia serving businesses of all sizes and consumers. Staples invented the office superstore concept in 1986 and today ranks second worldwide in e-commerce sales. The company is headquartered outside Boston. More information about Staples (Nasdaq: SPLS) is available at www.staples.com/media.