Best Buy Co. Inc. on March 1 announced a 32% increase in its quarterly dividend to 45 cents per share, effective immediately.
The dividend will be payable April 12 to shareholders of record as of March 22.
The U.S. electronics retailer also said for fiscal year 2019 it expects non-GAAP diluted earnings per share to be in the range of $4.80 to $5.00, while non-GAAP diluted EPS in the first quarter of fiscal 2019 is expected to come in between 68 cents and 73 cents.
In the fourth quarter of fiscal 2018 ended Feb. 3, the company reported a non-GAAP diluted EPS of $2.42, better than the mean consensus estimate of $2.03 per share compiled by S&P Capital IQ.
Best Buy also announced a share repurchase plan of at least $1.5 billion for fiscal 2019.
