Best Buy Co (BBY) will raise its quarterly dividend by 25.7 percent to $0.88 per share in 2022. This comes on the back of a 27.3 percent increase to 70 cents per share in 2021 and follows a dividend hike of 10.0 percent to $0.55 per share in 2020. 

The next quarterly BBY dividend is payable on April 14, 2022, to shareholders of record as of the close of business on March 24, 2022. The company had 227,442,598 shares of common stock issued and outstanding as of January 29, 2022. A new annualized rate of $3.52 per share yields 3.3% at a stock price of $106. Best buy has now increased its annual dividend payment for 19 consecutive years.

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.