Richfield (MN) – Electronics retail giant Best Buy will increase its quarterly dividend and more than triple its recently announced stock buyback offer. The dividend will be raised to 13 cents per share which is up from 10 cents. Best Buy will purchase $5.5 billion dollars in stock which is up from its previous $1.5 billion announcement.

Best Buy is also very bullish on electronics sales and plans to open up more than 500 stores in the coming years.

Read more … Forbes.