Best Buy Co., Inc. (NYSE:BBY) Declares Quarterly Dividend of $0.96

Best Buy Co., Inc. (NYSE:BBY) declared a quarterly dividend on Thursday, August 27th. Investors of record on Thursday, September 17th will be paid a dividend of 0.96 per share by the technology retailer on Thursday, October 8th. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Thursday, September 17th.

Best Buy has increased its dividend payment by an average of 0.1%per year 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. Research analysts expect Best Buy to earn $7.10 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 54.1%.

Best Buy Price Performance

Shares of NYSE BBY opened at $83.77 on Friday. Best Buy has a 1 year low of $55.10 and a 1 year high of $91.26. The stock has a market capitalization of $17.66 billion, a P/E ratio of 15.51, a P/E/G ratio of 2.50 and a beta of 1.29. The company’s 50-day moving average is $83.01 and its 200 day moving average is $71.26. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 0.40.

Best Buy (NYSE:BBY) last issued its quarterly earnings data on Thursday, August 27th. The technology retailer reported $1.47 EPS for the quarter, topping the consensus estimate of $1.39 by $0.08. The business had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.59 billion. Best Buy had a net margin of 2.73% and a return on equity of 48.70%. Best Buy’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $1.28 earnings per share. Best Buy has set its FY 2027 guidance at 6.700-6.900 EPS. On average, sell-side analysts expect that Best Buy will post 6.6 earnings per share for the current year.

Key Headlines Impacting Best Buy

Here are the key news stories impacting Best Buy this week:

• Positive Sentiment: Best Buy reported adjusted earnings of $1.47 per share and revenue of $9.78 billion, exceeding analyst expectations of $1.39 and $9.59 billion, respectively. Revenue increased 3.6% year over year, while comparable sales rose 4.1%, supported by stronger computing demand. Best Buy Reports Second Quarter Results
• Positive Sentiment: Management raised fiscal 2027 guidance, now forecasting adjusted EPS of $6.70-$6.90, up from $6.30-$6.60, and revenue of $42.3-$42.8 billion, above the $42.1 billion consensus estimate. Best Buy raises annual sales forecast on steady electronics demand
• Positive Sentiment: Growth initiatives include expanded digital and omnichannel sales, smaller-format stores and the rollout of the “Ask Blue” conversational AI assistant. Demand for computing products, AI glasses and collectibles also contributed to the upbeat outlook. Best Buy Expands Omnichannel Footprint With OpenAI Integration and Smaller-Format Stores
• Neutral Sentiment: Best Buy declared a quarterly dividend of $0.96 per share, payable October 8 to shareholders of record September 17. The annualized payout is approximately $3.84 per share, implying a yield near 4.6% at the referenced share price.
• Negative Sentiment: The stock fell even after the earnings beat and guidance increase, suggesting the results may have been largely anticipated. Investors may also remain concerned about subdued consumer spending, thin net margins and whether computing-led growth can persist.

About Best Buy

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.