Office Depot Inc (NASDAQ:ODP) declared a quarterly dividend on Tuesday, February 4th, RTT News reports. Investors of record on Monday, March 2nd will be given a dividend of 0.025 per share by the specialty retailer on Friday, March 13th. This represents a $0.10 annualized dividend and a dividend yield of 4.24%. The ex-dividend date is Friday, February 28th.
Office Depot has a payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Office Depot to earn $0.44 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 22.7%.
NASDAQ ODP opened at $2.36 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.10 and a quick ratio of 0.77. The stock’s fifty day moving average price is $2.44 and its 200 day moving average price is $2.10. Office Depot has a 1 year low of $1.23 and a 1 year high of $3.82. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 39.34, a PEG ratio of 0.46 and a beta of 2.63.
Office Depot (NASDAQ:ODP) last released its earnings results on Wednesday, February 26th. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. Office Depot had a return on equity of 10.05% and a net margin of 0.28%. The firm had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the firm earned $0.09 EPS. The firm’s revenue was down 6.1% on a year-over-year basis. Research analysts expect that Office Depot will post 0.38 earnings per share for the current year.
Several equities research analysts have weighed in on the company. BidaskClub downgraded Office Depot from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. ValuEngine raised Office Depot from a “sell” rating to a “hold” rating in a research report on Friday, January 10th.
Office Depot Company Profile
Office Depot, Inc provides business services and supplies, products, and technology solutions. The company operates in three divisions: Business Solutions, Retail, and CompuCom. The Business Solutions division offers office supply products and services through sales forces, catalogs, and telesales, as well as through Internet Websites in the United States, Puerto Rico, U.S.
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