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 December 29, 2016, to shareholders of record as of the close of business on December 8, 2016. The company had 313,366,210 shares of common stock issued and outstanding as of October 29, 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.