Best Buy Co., Inc. (BBY) to Distribute Quarterly Dividend of $0.96 on April 14th

Best Buy Co., Inc. (NYSE:BBY) announced a quarterly dividend on Tuesday, March 3rd. Investors of record on Tuesday, March 24th will be given a dividend of 0.96 per share by the technology retailer on Tuesday, April 14th. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Tuesday, March 24th. This is a 1.1% increase from Best Buy’s previous quarterly dividend of $0.95.

Best Buy has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 22 consecutive years. Best Buy has a dividend payout ratio of 57.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Best Buy to earn $6.63 per share next year, which means the company should continue to be able to cover its $3.84 annual dividend with an expected future payout ratio of 57.9%.

Best Buy Stock Performance

Shares of BBY stock opened at $62.74 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.43 and a debt-to-equity ratio of 0.39. The firm has a fifty day simple moving average of $65.49 and a two-hundred day simple moving average of $72.04. Best Buy has a 12 month low of $54.99 and a 12 month high of $84.99. The firm has a market capitalization of $13.12 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 1.55 and a beta of 1.46.

Best Buy (NYSE:BBY) last released its quarterly earnings data on Tuesday, March 3rd. The technology retailer reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.13. The firm had revenue of $13.81 billion for the quarter, compared to analyst estimates of $13.96 billion. Best Buy had a net margin of 2.56% and a return on equity of 49.17%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm earned $2.58 earnings per share. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. Analysts forecast that Best Buy will post 6.18 EPS for the current fiscal year.

Best Buy Company Profile

Best Buy Co, Inc is a leading North American consumer electronics retailer that sells a broad range of products including computers, mobile phones, televisions and home theater systems, major appliances, smart-home devices, gaming hardware and software, wearables and related accessories. The company operates through a mix of large-format stores, smaller specialty locations and an e-commerce platform, offering national and private-brand merchandise from major consumer-technology manufacturers as well as third-party sellers.

Beyond product retailing, Best Buy provides a suite of services aimed at installation, repair and ongoing technical support.