Press Release: Best Buy Announces Regular Quarterly Cash Dividend

Sept. 14, 2005--The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized payment of a regular quarterly cash dividend of 8 cents per common share. The quarterly dividend is payable on Oct. 25, 2005, to shareholders of record as of the close of business on Oct. 4, 2005. The company had 492,443,888 shares of common stock issued and outstanding as of Aug. 27, 2005.

Best Buy announced in June 2005 that its Board had approved a three-for-two split of the company's common shares. At that time, the company also increased the quarterly cash dividend rate by 9 percent, from 11 cents per share to 12 cents per share, on a pre-split basis, effective with the cash dividend payable on Oct. 25, 2005. The quarterly cash dividend rate on a post-split basis is 8 cents per share.
About Best Buy Co., Inc.
Best Buy Co., Inc. (NYSE:BBY) is an innovative Fortune 100 growth company that continually strives to create superior customer experiences. Through more than 870 retail stores across the United States and in Canada, our employees connect customers with technology and entertainment products and services that make life easier and more fun. We sell consumer electronics, home-office products, entertainment software, appliances and related services. A Minneapolis-based company, our operations include: Best Buy ( and, Future Shop (, Geek Squad ( and Magnolia Audio Video ( We support our communities through employee volunteerism and grants from The Best Buy Children's Foundation.

Posted: Wed - September 14, 2005 at 09:42 AM