MINNEAPOLIS, Jun 16, 2010 (BUSINESS WIRE) --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 27, 2010, to shareholders of record as of the close of business on July 6, 2010. The company had 420,061,666 shares of common stock issued and outstanding as of May 29, 2010.

About Best Buy Co., Inc.

With operations in the United States, Canada, Europe, China, Mexico and Turkey, 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 $49 billion in annual revenue and includes brands such as Best Buy, Best Buy Mobile, Audiovisions, 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 through retail locations, multiple call centers and Web sites, in-home solutions, product delivery and activities in our communities. Community partnership is central to the way we do business at Best Buy. In fiscal 2010, we donated a combined $25.2 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.

SOURCE: Best Buy Co., Inc.

Best Buy Co., Inc.
Media Contacts:
Susan Busch, 612-291-6114
Senior Director, Public Relations
susan.busch@bestbuy.com
Lisa Hawks, 612-291-6150
Director, Public Relations
lisa.hawks@bestbuy.com
Investor Contacts:
Bill Seymour, 612-291-6122
Vice President of Investor Relations
bill.seymour@bestbuy.com
Andrew Lacko, 612-291-6992
Senior Director of Investor Relations
andrew.lacko@bestbuy.com