Wednesday, June 27, 2007

Best Buy Increases Dividend By 62.5% On A Year Over Year Basis

Today, Best Buy (BBY) announced a 62.5% increase in its quarterly dividend to 13 cents per share versus 8 cents per share in the same quarter last year. Additionally, the company announced a $5.5 billion stock buy back program. The estimated 2008 payout ratio is approximately 18% based on 2008 estimated earnings of $2.99.
(click on table/chart for larger image)

best buy dividend analysis. June 27, 2007 Best Buy Stock Chart. June 2007

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