Best Buy Announces Regular Quarterly Cash Dividend

Rhea-AI Summary

Best Buy (NYSE: BBY) announced a regular quarterly cash dividend of $0.94 per common share. The dividend will be paid on July 11, 2024, to shareholders of record as of June 20, 2024. The company had 216,120,730 shares issued and outstanding as of May 4, 2024. This dividend reflects Best Buy's continued commitment to returning value to its shareholders.

Positive

• Best Buy declared a quarterly cash dividend of $0.94 per share.
• Dividend payment date is set for July 11, 2024.
• Shareholders of record by June 20, 2024, will receive dividends.
• 216,120,730 shares were outstanding as of May 4, 2024, indicating a large shareholder base.
• Dividend declaration highlights Best Buy's ongoing commitment to shareholder value.

Negative

• No direct mention of revenue growth or profit indicators.
• Announcement does not provide insights into potential business risks or challenges.

MINNEAPOLIS--(BUSINESS WIRE)-- The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.94 per common share. The quarterly dividend is payable on July 11, 2024, to shareholders of record as of the close of business on June 20, 2024. The company had 216,120,730 shares of common stock issued and outstanding as of May 4, 2024.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240530171021/en/

Investor Contact:

Mollie O’Brien

investorrelations@bestbuy.com

Media Contact:

Carly Charlson

press@bestbuy.com

Source: Best Buy Co., Inc.

FAQ

What is the amount of Best Buy's quarterly cash dividend?

Best Buy's quarterly cash dividend is $0.94 per common share.

When will Best Buy pay its quarterly dividend?

Best Buy will pay its quarterly dividend on July 11, 2024.

What is the record date for Best Buy's dividend?

The record date for Best Buy's dividend is June 20, 2024.

How many shares does Best Buy have outstanding as of May 4, 2024?

Best Buy had 216,120,730 shares outstanding as of May 4, 2024.

What is the stock symbol for Best Buy?

The stock symbol for Best Buy is NYSE: BBY.