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Best Buy (NYSE: BBY ) has declared its latest quarterly dividend and its first of 2013. The company will hand out $0.17 per share of its stock on April 11 to shareholders of record as of March 21. This matches the company's previous two quarterly disbursements. Prior to that, it paid $0.16 per share.
The new dividend annualizes to $0.68 per share. That yields 3.8% at Best Buy's current stock price of $17.77. In recent days, shares have traded generally higher following news that founder Dick Schulze had not submitted a qualified buyout offer. Speculation had been rife that he would attempt to take the company private.
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Report this Comment On March 05, 2013, at 2:36 PM, mistacy wrote:
Enough w/ the buy out. It is not in the making for now. It would have happened already. BBY management is not interested, & investors are not interested. @ $24 like in August offer from Schulze, who in their right mind wants to buy a company with a treacherous Future at a 33% premium (as of today's $18 share price). I think BBY is a JCP in the making for its stock price. A solid impressive run up, & huge crash lower than ever within the same year. All this bullishness for BBY makes no sense because it is all for the wrong reasons, all speculation. When people are going to start to sell, the fall is going to be very quick.
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