Best Buy Announces Regular Quarterly Cash Dividend

Rhea-AI Summary

The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has declared a quarterly cash dividend of $0.88 per share, payable on July 5, 2022. Shareholders on record as of June 14, 2022, will receive this dividend. As of April 30, 2022, the company had 224,621,941 shares outstanding, indicating a strong commitment to returning value to shareholders. This dividend highlights Best Buy's ongoing financial health and strategy to reward its investors.

Positive

• Authorized a quarterly cash dividend of $0.88 per share.
• Dividend payout reflects confidence in financial stability.
• 224,621,941 shares outstanding as of April 30, 2022, suggesting a solid shareholder base.

Negative

• None.

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 $0.88 per common share. The quarterly dividend is payable on July 5, 2022, to shareholders of record as of the close of business on June 14, 2022. The company had 224,621,941 shares of common stock issued and outstanding as of April 30, 2022.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220524006056/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 dividend amount for Best Buy (BBY) in 2022?

Best Buy has declared a quarterly cash dividend of $0.88 per share.

When will Best Buy (BBY) pay its dividend?

The dividend is payable on July 5, 2022.

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

The record date for the dividend is June 14, 2022.

How many shares of Best Buy (BBY) are outstanding?

As of April 30, 2022, Best Buy had 224,621,941 shares outstanding.