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22
PART II
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities.
Market Information and Dividends
Our common stock is traded on the New York Stock Exchange under the ticker symbol BBY. In fiscal 2004, our Board initiated
the payment of a regular quarterly cash dividend with respect to shares of our common stock. A quarterly cash dividend has
been paid in each subsequent quarter. In addition, our Board approved a special dividend that was declared and paid in the first
quarter of fiscal 2016. Another special dividend that was announced on February 25, 2016 will be paid in the first quarter of
fiscal 2017. Future dividend payments will depend on our earnings, capital requirements, financial condition and other factors
considered relevant by our Board. The table below sets forth the high and low sales prices of our common stock as reported on
the New York Stock Exchange – Composite Index and the dividends declared and paid during the periods indicated.
Sales Price Dividends Declared and Paid
Fiscal 2016 Fiscal 2015 Fiscal Year
High Low High Low 2016 2015
First Quarter $ 42.00 $ 34.13 $ 28.20 $ 22.30 $ 0.74 $ 0.17
Second Quarter 37.18 31.68 32.24 24.57 0.23 0.17
Third Quarter 39.10 28.32 35.53 28.80 0.23 0.19
Fourth Quarter 36.51 25.31 40.03 33.17 0.23 0.19
Holders
As of March 21, 2016, there were 2,839 holders of record of our common stock.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
In June 2011, our Board authorized up to $5.0 billion of share repurchases, which became effective on June 21, 2011. There is
no expiration date governing the period over which we can repurchase shares under the June 2011 program. At the end of fiscal
2015, $4.0 billion under this program was available for share repurchases. During fiscal 2016, we repurchased and retired 32.8
million shares at a cost of $1 billion. At the end of fiscal 2016, approximately $3.0 billion of the $5.0 billion of share
repurchases authorized by our Board in June 2011 was available for future share repurchases.
In January 2016, we entered into an accelerated share repurchase agreement ("ASR") to purchase $150 million to $175 million
of our common stock. Under the agreement, we paid $175 million at the beginning of the contract and received an initial
delivery of 4.4 million shares on January 25, 2016. The ASR agreement was settled on February 17, 2016 for a final notional
amount of $165 million. Accordingly, we received an additional 1.6 million shares and a cash payment from our counterparty
of $10 million equal to the difference between the $175 million up-front payment and the final notional amount.