Edition:
United States

Best Buy Co Inc (BBY.N)

BBY.N on New York Stock Exchange

38.18USD
30 Sep 2016
Change (% chg)

$0.77 (+2.06%)
Prev Close
$37.41
Open
$37.62
Day's High
$38.43
Day's Low
$37.51
Volume
1,223,664
Avg. Vol
1,306,828
52-wk High
$40.57
52-wk Low
$25.03

Latest Key Developments (Source: Significant Developments)

Best Buy announces regular quarterly cash dividend
Wednesday, 26 Aug 2015 08:00am EDT 

Best Buy Co. Inc:Says it has authorized the payment of a regular quarterly cash dividend of $0.23 per common share.Says the quarterly dividend is payable on Oct. 6, to shareholders of record as of the close of business on Sept. 15.  Full Article

Best Buy Co announces regular quarterly cash dividend
Friday, 22 May 2015 08:00am EDT 

Best Buy Co Inc:Authorized the payment of a regular quarterly cash dividend of $0.23 per common share.The quarterly dividend is payable on July 2, to shareholders of record as of the close of business on June 11.  Full Article

Best Buy Co Inc announces chairman change
Monday, 13 Apr 2015 04:05pm EDT 

Best Buy Co Inc:Says Chairman Hatim Tyabji is retiring from the Board effective June 9.Hubert Joly, President and CEO, will succeed Tyabji and take on the additional role of chairman.  Full Article

Best Buy Co Inc warns of FY 2016 profit hit as it consolidates Canadian stores - Reuters
Saturday, 28 Mar 2015 02:07pm EDT 

Best Buy Co Inc:Plans to close some stores and consolidate its operations in Canada in a move that will hurt earnings this year - Reuters.To close 66 of its Future Shop brand stores in Canada and convert 65 of them to Best Buy brand stores.The move to a single brand will cut 500 full-time and 1,000 part-time jobs, and cost the company about $200 mln to $280 mln in restructuring charges.Also plans to spend C$200 mln ($160 mln) to improve its online operations in Canada, increase staffing at remaining stores, and launch a range of home appliances, among other initiatives.Expects these changes to cut EPS by 10 cents to 20 cents in the current year.That is up to 8 pct of the average analyst estimate for FY 2016 EPS of $2.56, according to Thomson Reuters StarMine.  Full Article

Best Buy Co Inc announces special and regular quarterly dividend; updates on share repurchases
Tuesday, 3 Mar 2015 07:01am EST 

Best Buy Co Inc:Announced a special, one-time dividend of $0.51 per share and 21 pct Increase in regular quarterly dividend to $0.23 per share.Says special cash dividend and the regular quarterly cash dividend will be payable on April 14, 2015 to shareholders of record as of the close of business on March 24, 2015.Also announced the resumption of share repurchases under the existing $5 bln authorization, with the intent to repurchase $1 bln worth of shares over the next three years.Says special dividend, regular dividend increase and share repurchases will be funded through existing cash and cash equivalents on the balance sheet and future cash flow generation.  Full Article

Comarco Inc sues Best Buy Co Inc
Wednesday, 18 Feb 2015 09:30am EST 

Comarco Inc:Says Feb. 13, it filed a patent infringement lawsuit against Best Buy Co., Inc., in the United States District Court for the Central District of California.Complaint alleges that certain Best Buy power charging products sold in the United States under the Rocketfish brand infringe the Company's patented intellectual property.This lawsuit is part of the Company's ongoing and accelerated efforts to methodically pursue those companies that the Company believes have infringed on the intellectual property estate that the Company has developed over the last 20 years.  Full Article

Best Buy Co., Inc. announces regular quarterly cash dividend
Friday, 21 Nov 2014 08:00am EST 

Best Buy Co., Inc:Authorizes payment of a regular quarterly cash dividend of $0.19 per common share.Payable on Dec. 31, to shareholders of record on Dec. 11.  Full Article

BRIEF-JPMorgan Chase signs Best Buy to accept Chase Pay

* Signed a multiyear agreement for Best Buy to accept Chase Pay in its stores, on bestbuy.com and in Best Buy app Source text for Eikon: Further company coverage:,