Staples will increase its quarterly cash dividend by 11 percent to 10 cents a share, up from 9 cents a share, the company announced Tuesday.
The annual dividend is now 40 cents per share, up from 36 cents per share paid in 2010.
The dividend will be payable on April 14 to shareholders on record as of March 25.
Shares of Staples were up in after-hours trading on Tuesday. Get real-time Staples quotes here.