Best Buy Declares Fresh Dividend; Yield Is 2%

Best Buy Declares Fresh Dividend; Yield Is 2%
Eric Volkman, The Motley Fool

While Best Buy (NYSE: BBY) shoppers were snapping up Black Friday deals, the retailer's investors were digesting some encouraging news about their stock on Wednesday. The company declared its newest quarterly dividend, $0.55 per share, to be paid on Jan. 5 to stockholders of record as of Dec. 15. By maintaining its payout, Best Buy is signaling to its shareholders that its business is solid.