This excerpt taken from the BBY 8-K filed Apr 1, 2005.
Best Buy Repurchases $26 Million in Stock
During the fourth quarter, Best Buy repurchased 466,531 shares of its common stock at an average price of $55.80 per share for a total of $26 million. At the end of the fourth quarter of fiscal 2005, the company had $382 million remaining under the $500 million authorization for share repurchases approved by the board of directors in June 2004.
The company paid a fourth-quarter dividend of 11 cents per share, a 10-percent increase compared with the dividend paid in the prior years fourth quarter.
Jackson said, Overall, we are pleased that in fiscal 2005 we were able to return to shareholders 36 percent of our earnings from continuing operations (through stock repurchases and dividends) and to retire $355 million in convertible debentures.
Best Buy is scheduled to conduct an earnings conference call at 10 a.m. EST on April 1, 2005. The call is expected to be available on its Web site both live and after the call, at www.BestBuy.com. The public may access the call by clicking on For Our Investors.