The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

Best Buy Increases Dividend by 12 Percent

Tuesday, June 10, 2014

Best Buy Increases Dividend by 12 Percent

08:00 EDT Tuesday, June 10, 2014

MINNEAPOLIS (Business Wire) -- The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has approved an increase in the company's quarterly cash dividend from $0.17 to $0.19 per common share, an increase of 12%. The change will be effective with the quarterly dividend which, if authorized, would be payable on October 2, 2014 to shareholders of record as of September 11, 2014.

Hubert Joly, Best Buy president and CEO, remarked, “Our decision to increase the amount of cash we are returning to shareholders is indicative of our improved cash position and our confidence in the cash-generating power of our multi-channel business model.”

Best Buy last announced a dividend increase in June 2012, when the Board raised the dividend from $0.16 to $0.17.

Shareholder Meeting Held Today

Best Buy will hold its regular meeting of shareholders today at the Best Buy corporate campus in Richfield, Minnesota beginning at 9:30 a.m. Central Time. A webcast of the call is expected to be available at www.investors.bestbuy.com both live and after the meeting.

Best Buy Co., Inc.
Investor Contact:
Mollie O?Brien, (612) 291-7735
mollie.obrien@bestbuy.com
or
Media Contact:
Amy von Walter, (612) 291-4490
amy.vonwalter@bestbuy.com

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections