Best Buy Declares Fresh Dividend
Best Buy has declared its latest quarterly dividend and its first of 2013. The company will hand out $0.17 per share of its stock on April 11 to shareholders of record as of March 21. This matches the company's previous two quarterly disbursements. Prior to that, it paid $0.16 per share.
The new dividend annualizes to $0.68 per share. That yields 3.8% at Best Buy's current stock price of $17.77. In recent days, shares have traded generally higher following news that founder Dick Schulze had not submitted a qualified buyout offer. Speculation had been rife that he would attempt to take the company private.
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