Working its turnaround, Best Buy bumps up dividends
June 11, 2014
Although Best Buy’s performance is showing early signs that its turnaround efforts may be paying off, Wall Street views its stock as volatile, so the just announced hike in the company’s dividend payout may serve as a needed attraction for “income investors.”
Recent News
Merger Forces Kroger and Albertsons To Sell More Stores
Kroger and Albertsons are selling more of their stores to address concerns about their merger.
JD Sports Bids for Hibbett in $1.08 Billion Deal
JD Sports Fashion plans to buy Hibbett Inc. for around $1.08 billion. The move aims to help the UK’s largest sportswear retailer grow in the southeastern United States.
Disney Technology Executive Leaves Company for Personal Reasons
Aaron LaBerge will stay on at Disney until June 2024.
Amazon Ends Drone Delivery in California, Here’s Where It’s Going Next
This new location will allow for quicker, same-day delivery.