Best Buy Co (BBY) will raise its quarterly dividend by 32.4 percent to $0.45 per share in the first quarter of 2018. The dividend yield is 2.4% based on the new annual dividend amount of $1.80 per share.

Best Buy has now raised its dividend for 15 consecutive years and today's dividend hike follows a 21.4 percent dividend increase in 2017.

Best Buy Co., Inc. is a provider of technology products, services and solutions. The company offers products and services to the customers visiting its stores, engaging with Geek Squad agents or using its Websites or mobile applications. Best Buy has two reportable segments: Domestic and International with operations in the United States, Canada and Mexico. Best Buy was incorporated in the state of Minnesota in 1966 and has paid a dividend every year since 2003.