Staples (SPLS) has been named as the ''Top Dividend Stock of the Nasdaq 100'', according to Dividend Channel, which published its most recent ''DividendRank'' report. The report noted that among the components of the Nasdaq 100 index, SPLS shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent SPLS share price of $11.23 represents a price-to-book ratio of 1.2 and an annual dividend yield of 4.3% — by comparison, the average dividend paying stock in the Nasdaq 100 yields 2.1% and trades at a price-to-book ratio of 4.7. The report also cited the strong quarterly dividend history at Staples Inc, and favorable long-term multi-year growth rates in key fundamental data points.
Staples Named 'Top Dividend Stock Of The Nasdaq 100' At Dividend Channel With 4.3% Yield
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.