Best Buy Announces Regular Quarterly Cash Dividend

Rhea-AI Summary

The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has declared a regular quarterly cash dividend of $0.88 per common share. This dividend will be paid on April 14, 2022, to shareholders of record by the close of business on March 24, 2022. As of January 29, 2022, the company had 227,442,598 shares of common stock outstanding.

Positive

• Quarterly dividend of $0.88 enhances shareholder value.
• Demonstrates the company's commitment to return capital to shareholders.

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 April 14, 2022, to shareholders of record as of the close of business on March 24, 2022. The company had 227,442,598 shares of common stock issued and outstanding as of January 29, 2022.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220303005968/en/

Investor Contact:

Mollie O’Brien

(612) 291-7735 or mollie.obrien@bestbuy.com

Media Contact:

Carly Charlson

press@bestbuy.com

Source: Best Buy Co., Inc.

FAQ

What is the dividend amount for Best Buy (BBY)?

The dividend amount is $0.88 per common share.

When will the dividend be paid for Best Buy (BBY)?

The dividend will be paid on April 14, 2022.

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

The record date for the dividend payment is March 24, 2022.

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

As of January 29, 2022, there were 227,442,598 shares of common stock outstanding.