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BRIEF-Best Buy Co announces two-year $3 bln share repurchase plan
March 1, 2017 / 12:14 PM / 9 months ago

BRIEF-Best Buy Co announces two-year $3 bln share repurchase plan

March 1 (Reuters) - Best Buy Co Inc

* Best Buy Co Inc - two-year $3 billion share repurchase plan

* Best BUY CO INC - 21 pct increase in quarterly dividend to $0.34 per share

* Best Buy Co Inc - board of directors approved a new $5 billion share repurchase authorization for company’s common stock

* Best Buy Co Inc - company is targeting a non-GAAP dividend payout ratio between 35 pct and 45 pct.

* Best Buy Co - new $5 billion share repurchase authorization supersedes existing authorization dated June 2011 which had $2.2 billion in purchases remaining Source text for Eikon: Further company coverage:

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