Best Buy Co., Inc. (BBY) Raises Quarterly Dividend 11.8% to $0.19; 2.6% Yield

Best Buy Co., Inc. (NYSE: BBY) declared a quarterly dividend of $0.19 per share, or $0.76 annualized. This is an 11.8% increase from the prior dividend of $0.17.

The dividend will be payable on October 2, 2014, to stockholders of record on September 11, 2014, with an ex-dividend date of September 9, 2014.

The annual yield on the dividend is 2.6 percent.

Hubert Joly, Best Buy president and CEO, remarked, “Our decision to increase the amount of cash we are returning to shareholders is indicative of our improved cash position and our confidence in the cash-generating power of our multi-channel business model.”

For a dividend history and other dividend-related data on Best Buy Co., Inc. (BBY) click here.

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