Best Buy Announces Regular Quarterly Cash Dividend

Rhea-AI Summary

Best Buy Co., Inc. (NYSE:BBY) has declared a quarterly cash dividend of $0.88 per common share, payable on January 3, 2023, to shareholders of record by December 13, 2022. As of October 29, 2022, the company had 225,216,862 shares outstanding. This dividend reflects the company’s ongoing commitment to return value to its shareholders.

Positive

• Quarterly cash dividend of $0.88 demonstrates commitment to shareholder value.
• Consistent dividend payment can enhance investor confidence.

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 January 3, 2023, to shareholders of record as of the close of business on December 13, 2022. The company had 225,216,862 shares of common stock issued and outstanding as of October 29, 2022.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221122005602/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 Co., Inc. (BBY)?

Best Buy Co., Inc. has declared a quarterly cash dividend of $0.88 per common share.

When will the dividend be paid to shareholders of BBY?

The dividend will be payable on January 3, 2023.

What is the record date for the BBY dividend?

The record date for the dividend is December 13, 2022.

How many shares of BBY are currently outstanding?

As of October 29, 2022, there are 225,216,862 shares of common stock outstanding.