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.
Fool contributor Eric Volkman has no position in Best Buy, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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