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Best Buy shares jumped on rumors GameStop might be preparing to acquire the struggling retailer without any real basis for the stock's move.

Some attributed the jump in Best Buy's stock to the prospect of a takeover by GameStop, but the analyst who wrote the note that started that speculation says otherwise.

Best Buy (NYSE: BBY) has raised its dividend for 22 consecutive years, and the stock now yields 6.1% at a price of $61.71.

DALLAS--(BUSINESS WIRE)--CIM Group sells Best Buy Plaza, 177,434-square-foot retail shopping center in North Dallas.

Best Buy is a large retailer with a technology focus. The company isn't doing badly, but it also isn't doing well.

Verizon, KeyCorp, Regions Financial, and Kinder Morgan currently meet the 'dogcatcher' ideal, with dividends from $1,000 invested exceeding their share prices. Analyst projections suggest top-ten Barron's Better Bets dividend dogs could deliver average net gains of 21.92% by March 2027, with lower-than-market volatility. Four BBB stocks - LyondellBasell, Federal Realty, Williams Companies, and Entergy -show negative free cash flow margins, rendering their dividends unsafe.

Best Buy Co., Inc. (BBY) Presents at UBS Global Consumer and Retail Conference Transcript