Best Buy Announces Regular Quarterly Cash Dividend

Rhea-AI Summary

Best Buy Co. (NYSE:BBY) has announced a quarterly cash dividend of $0.70 per common share, payable on April 8, 2021. This dividend targets shareholders of record as of March 18, 2021. As of January 30, 2021, the company had 256,938,020 shares outstanding. This payment reflects Best Buy's commitment to returning value to its shareholders amidst its ongoing business operations.

Positive

• Quarterly cash dividend of $0.70 per share approved.
• Demonstrates strong commitment to returning value to shareholders.
• Consistent dividend distribution builds investor confidence.

Negative

• None.

The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.70 per common share. The quarterly dividend is payable on April 8, 2021, to shareholders of record as of the close of business on March 18, 2021. The company had 256,938,020 shares of common stock issued and outstanding as of January 30, 2021.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210226005039/en/

FAQ

What is Best Buy's dividend amount for April 2021?

Best Buy has authorized a quarterly cash dividend of $0.70 per common share for April 2021.

When will the dividend be paid to shareholders?

The dividend will be payable on April 8, 2021, to shareholders of record as of March 18, 2021.

How many shares does Best Buy have outstanding?

As of January 30, 2021, Best Buy had 256,938,020 shares of common stock issued and outstanding.

How frequently does Best Buy pay dividends?

Best Buy typically pays dividends quarterly.

Is the dividend payment sustainable for Best Buy?

The announcement of a regular dividend payment indicates that Best Buy aims to maintain shareholder value, but investors should monitor the company's overall financial health for sustainability.