Best Buy Stock To Go Ex-dividend Tomorrow (BBY)

NEW YORK ( TheStreet) -- The ex-dividend date for Best Buy (NYSE: BBY) is tomorrow, April 17, 2012. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $22.07 as of 9:30 a.m. ET, the dividend yield is 2.9%.

The average volume for Best Buy has been 6.4 million shares per day over the past 30 days. Best Buy has a market cap of $7.93 billion and is part of the services sector and retail industry. Shares are down 5.7% year to date as of the close of trading on Friday.

Best Buy Co., Inc. operates as a retailer of consumer electronics, home office products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China.

TheStreet Ratings rates Best Buy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Best Buy Ratings Report.

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