Best Buy reported first-quarter fiscal 2027 results and returned $202 million to shareholders through dividends during the quarter. The board authorized a regular quarterly cash dividend of $0.96 per common share, payable July 9 to shareholders of record as of June 18. The company also said it still expected to spend about $300 million on share repurchases during fiscal 2027. The mix of dividends and buybacks places Best Buy in the middle of the tax-efficiency spectrum, as dividends create taxable income when paid while buybacks can support per-share value without immediate taxable cash to shareholders.
Best Buy Co. IncBest Buy announced dividends and buyback plans, returning cash to shareholders.