Staples 2007 Annual Report Download - page 89

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PART II
Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities
NASDAQ
Our common stock is traded on the NASDAQ Global Select Market under the symbol ‘‘SPLS’’. The following table
sets forth for the periods indicated the high and low sales prices per share of our common stock on the NASDAQ Global
Select Market, as reported by NASDAQ.
High Low
Fiscal Year Ended February 2, 2008
First Quarter ................................................ $27.66 $24.41
Second Quarter .............................................. 26.00 22.81
Third Quarter ............................................... 24.28 21.04
Fourth Quarter .............................................. 24.85 19.69
Fiscal Year Ended February 3, 2007
First Quarter ................................................ $26.79 $22.31
Second Quarter .............................................. 27.71 21.57
Third Quarter ............................................... 27.04 21.08
Fourth Quarter .............................................. 28.00 24.94
Cash Dividend
While we will continue to retain earnings for use in the operation and expansion of our business, in 2004 we decided
to return cash to our stockholders by initiating a cash dividend. During our two most recent fiscal years, we paid an
annual cash dividend of $0.22 per share of our outstanding common stock on April 20, 2006 and an annual cash dividend
of $0.29 per share on April 19, 2007. On March 4, 2008, we announced that we would pay a cash dividend of $0.33 per
share on April 17, 2008 to shareholders of record on March 28, 2008. Our payment of dividends is permitted under our
revolving credit agreement, which only restricts the payment of dividends in the event we are in default under the
agreement or such payout would cause a default under the agreement. While it is our current intention to pay cash
dividends in years following 2008, any decision to pay future cash dividends will be made by our Board of Directors and
will depend upon our earnings, financial condition and other factors.
15