Dividend Flows: $0.03 just might be within reach for Office Depot, Inc. (NASDAQ:ODP) shareholder.

Dividend Flows: $0.03 just might be within reach for Office Depot, Inc. (NASDAQ:ODP) shareholder.

Office Depot, Inc. (NASDAQ:ODP) is expected to pay $0.03 on Dec 15, 2016. The indicated annual dividend is $0.10. Shareholders owning the stock before Nov 22, 2016 will be eligible to receive the payout. Based on Office Depot, Inc.’s current price of $4.68, the dividend is 0.53%. This dividend’s record date is Nov 25, 2016 and the announcement date is Nov 2, 2016. The stock increased 0.21% or $0.01 on November 18, hitting $4.68. Office Depot Inc (NASDAQ:ODP) has declined 31.78% since April 19, 2016 and is downtrending. It has underperformed by 35.64% the S&P500.

Office Depot, Inc. is a well-known provider of office services and products. The company has a market cap of $2.48 billion. The Firm sells services and products to clients through three divisions: North American Retail Division, North American Business Solutions Division and International Division. It has a 4.29 P/E ratio. It operates under the Office Depot and OfficeMax brands.

Insitutional Activity: The institutional sentiment increased to 0.98 in 2016 Q2. Its up 0.02, from 0.96 in 2016Q1. The ratio increased, as 64 funds sold all Office Depot Inc shares owned while 77 reduced positions. 43 funds bought stakes while 92 increased positions. They now own 499.99 million shares or 6.86% more from 467.88 million shares in 2016Q1.
First Quadrant Limited Partnership Ca has 0.01% invested in the company for 157,085 shares. Indaba Cap L P holds 3.7% of its portfolio in Office Depot Inc (NASDAQ:ODP) for 3.13 million shares. State Street reported 17.51M shares or 0.01% of all its holdings. Nationwide Fund Advsr, a Pennsylvania-based fund reported 1.95M shares. Glg L P has invested 0.08% of its portfolio in Office Depot Inc (NASDAQ:ODP). Creative Planning has 0% invested in the company for 146,937 shares. Mutual Of America Capital Mngmt Limited Liability Corporation accumulated 0.03% or 363,187 shares. Alliancebernstein Lp has 35.75 million shares for 0.1% of their US portfolio. Rwc Asset Management Ltd Liability Partnership holds 0.03% or 138,143 shares in its portfolio. The Illinois-based Equitec Proprietary Ltd Liability Corp has invested 0.01% in Office Depot Inc (NASDAQ:ODP). Moreover, Tower Rech Cap Limited Co (Trc) has 0% invested in Office Depot Inc (NASDAQ:ODP) for 1,372 shares. Dimensional Fund Advsr L P has 17.03 million shares for 0.03% of their US portfolio. Seatown Pte reported 1.81M shares or 1.85% of all its holdings. Blackrock Institutional Trust Na accumulated 0.01% or 17.29M shares. Hirtle Callaghan And Communication Ltd Liability Corporation accumulated 0.01% or 17,690 shares.

Insider Transactions: Since May 25, 2016, the stock had 0 buys, and 1 sale for $85,184 net activity. $49,506 worth of shares were bought by TRAVIS NIGEL on Wednesday, May 25. Allison Michael R sold $85,184 worth of stock or 23,434 shares.

Office Depot Inc (NASDAQ:ODP) Ratings Coverage

Out of 7 analysts covering Office Depot (NASDAQ:ODP), 3 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 43% are positive. Office Depot has been the topic of 11 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The stock of Office Depot Inc (NASDAQ:ODP) earned “Sell” rating by UBS on Thursday, August 4. Telsey Advisory Group maintained Office Depot Inc (NASDAQ:ODP) on Tuesday, December 8 with “Outperform” rating. The rating was upgraded by B. Riley & Co to “Buy” on Tuesday, September 8. The firm has “Market Perform” rating given on Wednesday, May 11 by Telsey Advisory Group. The rating was maintained by Telsey Advisory Group on Friday, October 28 with “Market Perform”. Credit Suisse maintained Office Depot Inc (NASDAQ:ODP) on Monday, March 7 with “Outperform” rating. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Tuesday, December 8. Bank of America reinitiated Office Depot Inc (NASDAQ:ODP) on Friday, December 11 with “Buy” rating. Telsey Advisory Group maintained it with “Outperform” rating and $6.50 target price in Wednesday, February 24 report. The firm earned “Sell” rating on Wednesday, May 11 by Jefferies.

More notable recent Office Depot Inc (NASDAQ:ODP) news were published by: Businesswire.com which released: “Office Depot, Inc. Enables Teachers to Access Classroom Funding Sources” on November 14, 2016, also Fool.com with their article: “Why Shares of Office Depot, Inc. Are Soaring 14% Despite Revenue Decline” published on November 02, 2016, Wsj.com published: “Office Depot de Mexico to Prepay Dollar Debt, Citing International Conditions” on November 18, 2016. More interesting news about Office Depot Inc (NASDAQ:ODP) were released by: Finance.Yahoo.com and their article: “Office Depot, Inc. Blends Holiday Traditions with New ‘Chrismukkah’ Dance in …” published on November 03, 2016 as well as Valuewalk.com‘s news article titled: “Yelp Inc Reports Surprise Profit, Office Depot Inc Shares Rise On Earnings” with publication date: November 02, 2016.

ODP Company Profile

Office Depot, Inc. (Office Depot), incorporated on September 12, 1986, is a well-known provider of office services and products. The Firm sells services and products to clients through three divisions: North American Retail Division, North American Business Solutions Division and International Division. Sales for these Divisions are processed through various channels, consisting of office supply stores, a contract sales force, Internet sites, an outbound telephone account management sales force, direct marketing catalogs and call centers, all supported by a network of supply chain facilities and delivery operations. It operates under the Office Depot and OfficeMax brands. It also offers products under various labels, including Foray, Ativa, TUL, Realspace, WorkPro, Brenton Studio, Highmark, Grand & Toy and Viking Office Products. It offers its products under supplies, technology, furniture and other categories. The supplies category includes products, such as paper, binders, writing instruments, cleaning and breakroom items, and school supplies. The technology category includes products, such as desktop and laptop computers, monitors, tablets, printers, ink and toner, cables, software, digital cameras, telephones, and wireless communications products, as well as services for technology products. The furniture and other category include products, such as desks, chairs, luggage, sales in its copy and print centers, and other miscellaneous items.

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