Comment on Best Buy hikes shareholder dividend, offers one-time payment

Best Buy hikes shareholder dividend, offers one-time payment

Best Buy is hiking its regular quarterly dividend by 21 percent. The nation's largest consumer electronics chain also will give stockholders a one-time payment from proceeds of legal settlements. The Minneapolis chain says it will raise its cash dividend to 23 cents per share from 19 cents, and it will pay shareholders a dividend of 51 cents per share culled from the proceeds of some legal settlements over the price of liquid crystal displays, or LCDs, sold in the United States. LCD technology is used in consumer electronics like flat-panel TVs, computers, and phones. Best Buy Co.Read more on NewsOK.com

 

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