Best Buy Reports Better-Than-Expected Fourth Quarter Earnings
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Piper Jaffray Downgrades Best Buy (BBY) to Neutral
February 26, 2016 6:56 AM ESTPiper Jaffray downgraded Best Buy (NYSE: BBY) from Overweight to Neutral with a price target of $31.00 (from $34.00).
Analyst Peter J. Keith commented, "We are downgrading shares of BBY to Neutral from Overweight and lowering our price target to $31 ($34 prior). While we... More
Best Buy (BBY) Declares $0.45 Special Dividend; 1.4% Yield
February 25, 2016 7:07 AM ESTBest Buy (NYSE: BBY) declared a special dividend of $0.45 per share.
The dividend will be payable on April 7, 2016, to stockholders of record on March 17, 2016, with an ex-dividend date of March 15, 2016.
The annual yield on the dividend is 1.4 percent.
For a... More
Best Buy (BBY) Raises Quarterly Dividend 21.7% to $0.28; 3.6% Yield
February 25, 2016 7:06 AM ESTBest Buy (NYSE: BBY) declared a quarterly dividend of $0.28 per share, or $1.12 annualized. This is a 21.7% increase from the prior dividend of $0.23.
The dividend will be payable on April 7, 2016, to stockholders of record on March 17, 2016, with an ex-dividend date of March 15,... More
Best Buy (BBY) Raises Dividend, $1B Buyback Plan, Issues Special $0.45/Share Dividend
February 25, 2016 7:04 AM ESTBest Buy Co., Inc. (NYSE: BBY) today announced that its Board of Directors authorized a plan to return excess capital to shareholders as follows:
A 22% increase in the regular quarterly dividend to $0.28 per share, effective immediately;A new $1 billion share repurchase plan expected to be completed over the next two years; andA special dividend of $0.45 per share, or approximately $145 million; related to the net after-tax proceeds from certain legal settlements and asset disposals.
This plan is... More
