ODP (ODP) Dividends & Splits

Office Depot Inc (ODP) is a publicly traded company that operates in the office supply industry. As a part of its financial operations, the company pays dividends to its shareholders and occasionally undergoes stock splits. Dividends are payments made by a company to its shareholders as a distribution of profits. They are typically paid out on a regular basis, either quarterly, semi-annually, or annually. The dividend yield of a stock is a measure of the annual dividend payment relative to its share price. It is calculated by dividing the annual dividend by the stock's current market price.

The payout ratio is a financial metric that indicates the proportion of a company's earnings that are paid out as dividends. A high payout ratio suggests that a company is distributing a significant portion of its earnings to shareholders, while a low ratio indicates that the company is retaining more of its earnings for reinvestment. The dividend ex-date is the date on which a stock begins trading without the right to receive the upcoming dividend payment. This date is usually set a few days before the record date, which is the date on which a person must be a shareholder of record to receive the dividend.