Best Buy Co., Inc. (BBY) to Issue Quarterly Dividend of $0.96 on October 8th

Best Buy Co., Inc. (NYSE:BBY) announced 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) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Thursday, September 17th.

Best Buy has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 22 years. Best Buy has a dividend payout ratio of 57.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.5%

NYSE BBY opened at $82.34 on Friday. The stock has a market capitalization of $17.35 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 2.36 and a beta of 1.29. The stock’s 50 day moving average price is $83.16 and its two-hundred day moving average price is $71.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.40 and a current ratio of 1.12. Best Buy has a 52 week low of $55.10 and a 52 week high of $91.26.

Best Buy (NYSE:BBY) last issued its quarterly earnings results on Thursday, August 27th. The technology retailer reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.08. Best Buy had a net margin of 3.01% and a return on equity of 48.14%. The company had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $9.59 billion. During the same period last year, the business earned $1.28 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. Best Buy has set its FY 2027 guidance at 6.700-6.900 EPS. As a group, analysts anticipate that Best Buy will post 6.7 earnings per share for the current fiscal year.

More Best Buy News

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

• Positive Sentiment: Quarterly results exceeded expectations. Best Buy reported Q2 FY27 revenue of $9.78 billion, up 3.6% year over year and above the $9.59 billion consensus estimate. Adjusted earnings of $1.47 per share also topped the $1.39 consensus, while comparable sales rose 4.1%. Best Buy Reports Second Quarter Results
• Positive Sentiment: Best Buy raised its full-year outlook. The company now expects adjusted fiscal 2027 earnings of $6.70 to $6.90 per share, up from $6.30 to $6.60 previously, and revenue of $42.3 billion to $42.8 billion. The improved forecast reflects strength in computing and steady demand for technology upgrades and replacements. Best Buy raises annual sales forecast on steady electronics demand
• Positive Sentiment: Analyst sentiment improved. Guggenheim and DA Davidson each raised their BBY price target from $90 to $95 and assigned a “buy” rating, implying roughly 15% upside from the referenced price.
• Positive Sentiment: Shareholder returns remain attractive. Best Buy declared a quarterly dividend of $0.96 per share, equivalent to an annualized yield of approximately 4.7% at the referenced price.
• Neutral Sentiment: Growth initiatives could support the longer-term retail recovery. Best Buy is expanding its omnichannel strategy, including the Ask Blue conversational AI assistant and smaller-format stores, while digital-led sales growth was highlighted during the earnings call. Best Buy Expands Omnichannel Footprint With OpenAI Integration and Smaller-Format Stores
• Negative Sentiment: The negative market reaction likely reflects high expectations and lingering risks. Although results beat estimates, the outlook increase was relatively modest versus consensus, international revenue declined, and investors remain cautious about discretionary spending. Analysts are also described as conflicted on BBY, suggesting uncertainty about how durable the recovery will be. Analysts Conflicted on These Consumer Cyclical Names

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.