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Best Buy raises dividend by a penny to 14 cents



By AP
25 June 2008 @ 08:25 am EST

MINNEAPOLIS - Consumer-electronics retailer Best Buy Inc. on Wednesday raised its quarterly dividend by a penny to 14 cents.

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The change is effective with the dividend payable on Oct. 28 to shareholders of record as of Oct. 7.

The Richfield, Minn.-based company had about 411.9 million shares of stock outstanding as of May 31.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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