Best Buy (BBY) Raises Quarterly Dividend 11.1% to $0.50; New $3B Buyback

Best Buy (NYSE: BBY) declared a quarterly dividend of $0.50 per share, or $2 annualized. This is an 11.1% increase from the prior dividend of $0.45. The dividend will be payable on April 10, 2019, to stockholders of record on March 20, 2019, with an ex-dividend date of March 19, 2019. The annual yield on the dividend is 3 percent.

The board of directors approved a new $3 billion share repurchase authorization for the company’s common stock, replacing the existing authorization dated February 2017, which had $1.5 billion in purchases remaining.

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

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