MINNEAPOLIS-March 25, 2011--The board of directors of Best Buy Co., Inc. (NYSE:BBY) has authorized payment of a regular quarterly cash dividend of 15 cents per common share. The quarterly dividend is payable on May 5, 2011, to shareholders of record as of the close of business on April 14, 2011. The company had 392,589,640 shares of common stock issued and outstanding as of February 26, 2011.
About Best Buy Co., Inc.
With operations in the United States, Canada, Europe, China, and Mexico, Best Buy isa 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 $50 billion in annual revenueand includes brands such asBest Buy, Best Buy Mobile, Audiovisions, Best Buy Mobile, The Carphone Warehouse, Five Star, Future Shop, Geek Squad, Magnolia Audio Video, Napster, Pacific Sales and The Phone House. Approximately 180,000 employees apply their talents to help bring the benefits of these brands to life for customers throughretail locations, multiple callcentersand Web sites, in-home solutions, product delivery andactivities in our communities. Community partnership is central to the way we do business at Best Buy. In fiscal 2011, we donatedapproximately $25 million to improve the vitality of the communities where our employees and customers live and work. For more information about Best Buy, visit www.bby.com.
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Media Contacts:
Susan Busch, Senior Director, Public Relations
(612) 291-6114 susan.busch@bestbuy.com
Lisa Hawks, Director, Public Relations
(612) 291-6150 lisa.hawks@bestbuy.com
Investor Contacts:
Bill Seymour, Vice President, Investor Relations
(612) 291-6122 bill.seymour@bestbuy.com
Andrew Lacko, Senior Director, Investor Relations
(612) 291-6992 andrew.lacko@bestbuy.com
Adam Hauser, Director, Investor Relations
(612) 291-4446 adam.hauser@bestbuy.com
Source: Best Buy Co. Inc. via Thomson Reuters ONE