Best Buy today announced that its Board of Directors approved a plan to return excess capital to shareholders as follows. A 21% increase in the regular quarterly dividend to $0.34 per share, effective immediately.
Category: Best Buy
Two Retailers, One Big Worry
Two retailers moving in different directions have at least one thing in common: They are terrified of a border-adjusted tax. Target Corp. and Best Buy Co., both set to report earnings this week, are among a group of retailers that sent executives to meet with President Donald Trump earlier this month, lobbying against higher taxes on imports.
Why There Are Better Buys Than Best Buy Right Now
Best Buy has been on a roll. The shares are up more than 40% in the last 12 months and 7% just this year.
Best Buy Has Surged More Than 40% in a Year, Though You Should Now Be Worried
Best Buy reports quarterly earnings on Wednesday. If history repeats, Best Buy should continue to do well as this stock set a bull market bottom in November 2008 in anticipation that Circuit City would fail.
Jim Cramer — Border Tax Issues Boosting Retail, for Now
Retail stocks including Walmart , PVH Corp. , Best Buy , Nike are on the move Tuesday after President-elect Donald Trump said the U.S. dollar is too strong and the proposed Border Adjustment Tax is “too complicated.” What should investors infer? That perhaps the potential import tariffs or other border taxes will be more difficult to institute than previously thought, TheStreet’s Jim Cramer, co-manager of the Action Alerts PLUS portfolio , said on CNBC’s “Stop Trading” segment.