Best Buy Increases Dividend 8%

MINNEAPOLIS --(Business Wire)-- The Board of Directors of Best Buy Co., Inc. (NYSE: BBY) today announced an increase in the company's quarterly cash dividend to 14 cents per common share, an 8-percent increase compared with the existing dividend of 13 cents per common share. The change will be effective with the quarterly dividend which, if authorized, would be payable on Oct. 28, 2008, to shareholders of record as of Oct. 7, 2008. Best Buy paid its first cash dividend in December 2003 and has increased the dividend annually since then. The company had 411,930,013 shares of common stock issued and outstanding as of May 31, 2008. Shareholders Meeting Held Today Best Buy holds its regular meeting of shareholders today at the Best Buy corporate campus in Richfield, Minn. The meeting, which begins at 9:30 a.m. (CDT), will be Web... [read full story]