Business & Tech
Best Buy Approves 6 Percent Dividend Increase
The company also held its annual shareholder meeting in Richfield Thursday.
Editor's Note: The following was taken from a Best Buy press release.
Best Buy's Board of Directors approved the company's new quarterly cash dividend of $0.17 cents per common share, which represents an increase of one cent per quarter, or 6 percent.
The one cent increase is consistent with the quarterly dividend increase in each of the prior three years. The change will be effective with the quarterly dividend which, if authorized, would be payable on Oct. 2, 2012 to shareholders of record as of Sept. 11, 2012.
Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.
Shareholder Meeting Held Today
Best Buy held its regular meeting of shareholders Thursday at the Best Buy corporate campus in Richfield. The meeting was also webcast and a replay is available investors.bestbuy.com.
Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
We’ve removed the ability to reply as we work to make improvements. Learn more here