Office Depot is done, stick a fork in it.

Another bad sign for the U.S.economy as Office Depot is closing 300 more stores according to this WSJ report.

Office Depot Inc., three months after its proposed tie-up with larger rival Staples Inc. failed regulatory muster, said it would launch a quarterly dividend and close an additional 300 stores as it charts a course for remaining a stand-alone company.

Office Depot completed its strategic review of the business and announced moves such as growing its contract channel, optimizing retail operations in North America, implementing multiyear cost reductions and returning capital to shareholders.

The company plans to trim $250 million in costs by 2018 and initiated a quarterly dividend program at 2.5 cents a share, payable on Sept. 15 to shareholders of record by Aug. 25. The company didn’t specify job cuts were part of its plan to trim expenses but said it would lower overall general and administrative costs.

Office Depot closed 42 stores in the second quarter, ending the period with 1,513 stores in North America as part of its earlier plan to close 400 stores. But Wednesday it said it would close an additional 300 stores on top of that.