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General

Best Buy returns excess capital to shareholders

Thursday 25 February 2016 | 20:49 CET | News
Best Buy's Board of Directors has approved a plan to return excess capital to shareholders. This includes a 22 percent increase in the regular quarterly dividend to USD 0.28 per share, effective immediately; a new USD 1 billion share repurchase plan expected to be completed over the next two years; and a special dividend of USD 0.45 per share, or around USD 145 million; related to the net after-tax proceeds from certain legal settlements and asset disposals.

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Categories: General
Companies: Best Buy
Countries: United States
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