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Best Buy to issue quarterly dividend

Fri, 03/26/2010 - 7:30am
The Associated Press

Best Buy Co. Inc.'s board of directors approved a quarterly cash dividend of 14 cents per share, the consumer electronics chain said Friday.

The dividend will be payable on May 6 to shareholders of record by the end of business on April 15. The retailer is based in suburban Minneapolis.

Best Buy shares rose 53 cents, or 1.2 percent, to $43.19 in morning trading Friday.

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