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 $0.28 per common share. The quarterly dividend is payable on October 4, 2016, to shareholders of record as of the close of business on September 13, 2016. The company had 316,787,987 shares of common stock issued and outstanding as of July 30, 2016.

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Best Buy Co., Inc.

Investor Contact:

Mollie O’Brien, 612-291-7735

[email protected]

or

Media Contact:

Jeff Shelman, 612-291-6114

[email protected]

Source: Best Buy Co., Inc.