Best Buy Announces Regular Quarterly Cash Dividend

Rhea-AI Summary

Best Buy Co., Inc. (NYSE:BBY) has announced a quarterly cash dividend of $0.55 per common share, reflecting the company's commitment to returning value to its shareholders. This dividend is payable on January 5, 2021, to shareholders on record as of December 15, 2020. As of October 31, 2020, Best Buy had 258,931,526 shares of common stock issued and outstanding.

Positive

• Quarterly dividend of $0.55 per share indicates ongoing commitment to shareholder returns.
• Dividend payment reflects strong financial health and confidence in future performance.

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 $0.55 per common share. The quarterly dividend is payable on January 5, 2021, to shareholders of record as of the close of business on December 15, 2020. The company had 258,931,526 shares of common stock issued and outstanding as of October 31, 2020.