Staples, Inc. Announces 10 Percent 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 $0.11 per share, an increase of 10 percent over the previous quarterly cash dividend of $0.10 per share. On an annualized basis, the quarterly dividend is equal to $0.44 per share compared to $0.40 per share that the Company paid in 2011. The dividend is payable on April 12, 2012, to shareholders of record on March 23, 2012.

About Staples

Staples is the world’s largest office products company and a trusted source for office solutions. The company provides products, services and expertise in office supplies, copy & print, technology, facilities and breakroom, and furniture. Staples invented the office superstore concept in 1986 and now has annual sales of $25 billion, ranking second in the world in eCommerce sales. With 88,000 associates worldwide, Staples operates in 26 countries throughout North and South America, Europe, Asia and Australia, making it easy for businesses of all sizes and consumers. The company is headquartered outside Boston. More information about Staples (Nasdaq: SPLS) is available at www.staples.com/media.