Best Buy Co., Inc. retails technology products in the United States and Canada. The company operates in two segments, Domestic and International. Its stores provide computing products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness, home theater, portable audio comprising headphones and portable speakers, and smart home products. The company's stores also offer appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, and vacuums; entertainment products consisting of drones, peripherals, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products; and other products, such as baby, food and beverage, luggage, outdoor living, and sporting goods. In addition, it provides consultation, delivery, design, health-related, installation, memberships, repair, set-up, technical support, and warranty-related services. The company offers its products through stores and websites under the Best Buy, Best Buy Ads, Best Buy Business, Best Buy Health, CST, Current Health, Geek Squad, Lively, Magnolia, Best Buy Mobile, Pacific Kitchen, Home, and Yardbird, as well as domain names bestbuy.com, currenthealth.com, lively.com, yardbird.com, and bestbuy.ca. As of January 30, 2022, it had 1,144 stores. The company was formerly known as Sound of Music, Inc. The company was incorporated in 1966 and is headquartered in Richfield, Minnesota.
Best Buy Dividend Announcement
• Best Buy announced a quarterly dividend of $0.94 per ordinary share which will be made payable on 2024-10-10. Ex dividend date: 2024-09-19
• Best Buy annual dividend for 2024 was $2.82
• Best Buy annual dividend for 2023 was $3.68
• Best Buy's trailing twelve-month (TTM) dividend yield is 5.05%
• Best Buy's payout ratio for the trailing twelve months (TTM) is 63.81%
• Best Buy's dividend growth over the last five years (2018-2023) was 15.38% year
• Best Buy's dividend growth over the last ten years (2013-2023) was 18.40% year
Best Buy Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-09-19 | $0.94 | quarterly | 2024-10-10 |
| 2024-06-20 | $0.94 | quarterly | 2024-07-11 |
| 2024-03-20 | $0.94 | quarterly | 2024-04-11 |
| 2023-12-11 | $0.92 | quarterly | 2024-01-02 |
| 2023-09-18 | $0.92 | quarterly | 2023-10-10 |
| 2023-06-14 | $0.92 | quarterly | 2023-07-06 |
| 2023-03-22 | $0.92 | quarterly | 2023-04-13 |
| 2022-12-12 | $0.88 | quarterly | 2023-01-03 |
| 2022-09-19 | $0.88 | quarterly | 2022-10-11 |
| 2022-06-13 | $0.88 | quarterly | 2022-07-05 |
| 2022-03-23 | $0.88 | quarterly | 2022-04-14 |
| 2021-12-13 | $0.70 | quarterly | 2022-01-04 |
| 2021-09-13 | $0.70 | quarterly | 2021-10-05 |
| 2021-06-16 | $0.70 | quarterly | 2021-07-08 |
| 2021-03-17 | $0.70 | quarterly | 2021-04-08 |
| 2020-12-14 | $0.55 | quarterly | 2021-01-05 |
| 2020-09-14 | $0.55 | quarterly | 2020-10-06 |
| 2020-06-10 | $0.55 | quarterly | 2020-07-02 |
| 2020-03-18 | $0.55 | quarterly | 2020-04-09 |
| 2019-12-16 | $0.50 | quarterly | 2020-01-07 |
| 2019-09-18 | $0.50 | quarterly | 2019-10-10 |
| 2019-06-12 | $0.50 | quarterly | 2019-07-05 |
| 2019-03-19 | $0.50 | quarterly | 2019-04-10 |
| 2018-12-10 | $0.45 | quarterly | 2018-12-31 |
| 2018-09-17 | $0.45 | quarterly | 2018-10-09 |
| 2018-06-13 | $0.45 | quarterly | 2018-07-05 |
| 2018-03-21 | $0.45 | quarterly | 2018-04-12 |
| 2017-12-06 | $0.34 | quarterly | 2017-12-28 |
| 2017-09-18 | $0.34 | quarterly | 2017-10-10 |
| 2017-06-13 | $0.34 | quarterly | 2017-07-06 |
| 2017-03-20 | $0.34 | quarterly | 2017-04-12 |
| 2016-12-06 | $0.28 | quarterly | 2016-12-29 |
| 2016-09-09 | $0.28 | quarterly | 2016-10-04 |
| 2016-06-10 | $0.28 | quarterly | 2016-07-05 |
| 2016-03-15 | $0.73 | quarterly | 2016-04-07 |
| 2015-12-08 | $0.23 | quarterly | 2015-12-31 |
| 2015-09-11 | $0.23 | quarterly | 2015-10-06 |
| 2015-06-09 | $0.23 | quarterly | 2015-07-02 |
| 2015-03-20 | $0.74 | quarterly | 2015-04-14 |
| 2014-12-09 | $0.19 | quarterly | 2014-12-31 |
| 2014-09-09 | $0.19 | quarterly | 2014-10-02 |
| 2014-06-10 | $0.17 | quarterly | 2014-07-03 |
| 2014-03-18 | $0.17 | quarterly | 2014-04-10 |
| 2013-12-06 | $0.17 | quarterly | 2013-12-31 |
| 2013-09-06 | $0.17 | quarterly | 2013-10-01 |
| 2013-06-07 | $0.17 | quarterly | 2013-07-02 |
| 2013-03-19 | $0.17 | quarterly | 2013-04-11 |
Best Buy Dividend per year
Best Buy Dividend growth
Best Buy Dividend Yield
Best Buy current trailing twelve-month (TTM) dividend yield is 5.05%. Interested in purchasing Best Buy stock? Use our calculator to estimate your expected dividend yield:
Best Buy Financial Ratios
P/E ratio15.88
PEG ratio9.10
P/B ratio6.44
ROE41.81%
Payout ratio63.81%
Current ratio1.01
Quick ratio0.34
Cash Ratio0.16
Best Buy Dividend FAQ
How much is the next Best Buy dividend?
Best Buy's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Best Buy dividend. The next Best Buy dividend will be released in March, June, September, or December.
When is Best Buy dividend paid?
Best Buy pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, September, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Best Buy pay?
The specific amount of Best Buy dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Best Buy's dividend history.
Does Best Buy stock pay dividends?
Yes, Best Buy does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Best Buy's dividend history.
How much dividend does Best Buy pay?
Best Buy paid $2.82 in 2024, $3.68 in 2023, $3.52 in 2022, $2.8 in 2021, and $2.2 in 2020.
How often does Best Buy pay dividends?
Best Buy typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, September, and December.
What is Best Buy's dividend yield?
The current dividend yield for Best Buy is 5.05%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Best Buy's exact dividend yield.
When does Best Buy go ex dividend?
Best Buy's ex-dividend date for the latest dividend was on 2024-09-19. Best Buy typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Best Buy dividend paid?
Best Buy pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will Best Buy increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Best Buy will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Best Buy dividend per share?
Best Buy paid $2.82 per share in 2024 and $3.68 per share in 2023. The amount of dividend per share that Best Buy pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Best Buy a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Best Buy a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Best Buy a dividend stock?
Yes, Best Buy is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Best Buy a good dividend stock?
Whether Best Buy is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Best Buy has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Best Buy as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Best Buy as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Best Buy pay dividends monthly?
Best Buy typically pays dividends on a quarterly basis.
Does Best Buy pay dividends quarterly?
Best Buy currently pays dividends on a quarterly basis.
Has Best Buy ever paid a dividend?
Yes, Best Buy has a history of paying dividends to its shareholders. Best Buy is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Best Buy dividend stocks?
To buy Best Buy you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Best Buy stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Best Buy stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Best Buy pay dividends 2024?
Best Buy pays dividends on a quarterly basis. 2024 dividend payments are in 2024-10-10. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Best Buy increase its dividend in 2024?
Decisions regarding Best Buy dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Best Buy dividend overview you can look into the above table of dividend history.
How Best Buy dividend works?
The Best Buy dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Best Buy's dividend process works:
1. Determination of Dividend: Best Buy's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Best Buy publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Best Buy distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Best Buy are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Best Buy's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Best Buy publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Best Buy distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Best Buy are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Best Buy dividends paid?
Best Buy dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Best Buy sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Best Buy distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Best Buy declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Best Buy sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Best Buy distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Best Buy declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Best Buy pay dividends?
Best Buy typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Best Buy pay dividends?
The general pattern is that Best Buy pays dividends around March, June, September, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Best Buy dividend safe?
The safety of Best Buy's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Best Buy's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Best Buy's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Best Buy's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Best Buy's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.