Staples, Inc. Announces New $1.5 Billion Share Buyback

Staples, Inc., (Nasdaq: SPLS) announced the repurchase of up to $1.5 billion of its common stock. This new share repurchase program replaces another previously authorized $1.5 billion share repurchase program. Under the previous program, the company had repurchased approximately $1.2 billion of common stock as of June 13, 2007.

Staples, Inc. invented the office superstore concept in 1986 and today is the world’s largest office products company.

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PAYOUT YIELD ANALYSIS

With 715 million shares outstanding, the $1.5 billion program will yield $2.10 per share.  With an annualized dividend of $0.29, the Total Payout will be $2.39 per share.  At a share price of $25, the Total Payout Yield will be 9.6% if the program is completed over the next 4 quarters.

- Payout Yield Staff

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