The board of directors of Best Buy Co., Inc. (NYSE:BBY) has authorized payment of a regular quarterly cash dividend of 14 cents per common share. The quarterly dividend is payable on July 28, 2009, to shareholders of record as of the close of business on July 7, 2009. The company had 416,358,894 shares of common stock issued and outstanding as of May 30, 2009.
The company announced in June 2008 the intention to increase the dividend rate to 14 cents per common share from 13 cents per common share.
About Best Buy Co., Inc.
With operations in the United States, Canada, Europe, China and Mexico, Best Buy is a multinational retailer of technology and entertainment products and services with a commitment to growth and innovation. The Best Buy family of brands and partnerships collectively generates more than $45 billion in annual revenue and includes brands such as Best Buy; Audiovisions; The Carphone Warehouse; Future Shop; Geek Squad, Jiangsu Five Star; Magnolia Audio Video; Napster; Pacific Sales; The Phone House; and Speakeasy. Approximately 155,000 employees apply their talents to help bring the benefits of these brands to life for customers through retail locations, multiple call centers and Web sites, in-home solutions, product delivery and activities in its communities. Community partnership is central to the way business is done at Best Buy. In fiscal 2009, Best Buy donated a combined $33.4 million to improve the vitality of the communities where its employees and customers live and work. For more information about Best Buy, visit www.bestbuy.com.
Contacts:
Best Buy Co., Inc.
Susan Busch, 612-291-6114 (Media)
Director,
Public Relations
susan.busch@bestbuy.com
Lisa
Hawks, 612-291-6150 (Media)
Director, Public Relations
lisa.hawks@bestbuy.com
Andrew
Lacko, 612-291-6992 (Investors)
Senior Director of Investor
Relations
andrew.lacko@bestbuy.com
Wade
Bronson, 612-291-5693 (Investors)
Director of Investor Relations
wade.bronson@bestbuy.com
