Best Buy's most recent quarterly dividend payment of $0.94 per share was made to shareholders on record before Mar 20, 2024. At an annualized rate of $3.7 per share, the stock yields 4.93%. The latest BBY stock dividend of $0.94 is an increase from the previous $0.92 distribution, representing a growth of 2.2%.
Best Buy's dividend yield of 4.93% is higher than the Consumer Cyclical sector and the industry average. If we compare it with the Consumer Cyclical sector average of 2.33%, Best Buy's dividend yield is 112% higher. Historically BBY's dividend yield has averaged at 3.4% in the last 5 years, which is less than the current one.
Best Buy has been paying dividends for the last 20 years. According to our data BBY has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 3.9% for the last year. However since the stock price has gone up by 5% from a year ago, the dividend yield has decreased by 1%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 20, 2024 | Apr 11, 2024 | Feb 29, 2024 | $0.94 | normal |
| Dec 11, 2023 | Jan 2, 2024 | Nov 21, 2023 | $0.92 | normal |
| Sep 18, 2023 | Oct 10, 2023 | Aug 29, 2023 | $0.92 | normal |
| Jun 14, 2023 | Jul 6, 2023 | May 25, 2023 | $0.92 | normal |
| Mar 22, 2023 | Apr 13, 2023 | Mar 2, 2023 | $0.92 | normal |
| Dec 12, 2022 | Jan 3, 2023 | Nov 22, 2022 | $0.88 | normal |
| Sep 19, 2022 | Oct 11, 2022 | Aug 30, 2022 | $0.88 | normal |
| Jun 13, 2022 | Jul 5, 2022 | May 24, 2022 | $0.88 | normal |
| Mar 23, 2022 | Apr 14, 2022 | Mar 3, 2022 | $0.88 | normal |
| Dec 13, 2021 | Jan 4, 2022 | Nov 23, 2021 | $0.7 | normal |
| Sep 13, 2021 | Oct 5, 2021 | Aug 24, 2021 | $0.7 | normal |
| Jun 16, 2021 | Jul 8, 2021 | May 27, 2021 | $0.7 | normal |
| Mar 17, 2021 | Apr 8, 2021 | Feb 25, 2021 | $0.7 | normal |
| Dec 14, 2020 | Jan 5, 2021 | Nov 24, 2020 | $0.55 | normal |
| Sep 14, 2020 | Oct 6, 2020 | Aug 25, 2020 | $0.55 | normal |
| Jun 10, 2020 | Jul 2, 2020 | May 21, 2020 | $0.55 | normal |
| Mar 18, 2020 | Apr 9, 2020 | Feb 27, 2020 | $0.55 | normal |
| Dec 16, 2019 | Jan 7, 2020 | Nov 27, 2019 | $0.5 | normal |
| Sep 18, 2019 | Oct 10, 2019 | Aug 30, 2019 | $0.5 | normal |
| Jun 12, 2019 | Jul 5, 2019 | May 24, 2019 | $0.5 | normal |
| Mar 19, 2019 | Apr 10, 2019 | Feb 27, 2019 | $0.5 | normal |
| Dec 10, 2018 | Dec 31, 2018 | Nov 21, 2018 | $0.45 | normal |
| Sep 17, 2018 | Oct 9, 2018 | Aug 29, 2018 | $0.45 | normal |
| Jun 13, 2018 | Jul 5, 2018 | May 25, 2018 | $0.45 | normal |
| Mar 21, 2018 | Apr 12, 2018 | Mar 1, 2018 | $0.45 | normal |
| Dec 6, 2017 | Dec 28, 2017 | Jan 17, 2017 | $0.34 | normal |
| Sep 18, 2017 | Oct 10, 2017 | Aug 30, 2017 | $0.34 | normal |
| Jun 13, 2017 | Jul 6, 2017 | May 26, 2017 | $0.34 | normal |
| Mar 20, 2017 | Apr 12, 2017 | Mar 1, 2017 | $0.34 | normal |
| Dec 6, 2016 | Dec 29, 2016 | Nov 18, 2016 | $0.28 | normal |
| Sep 9, 2016 | Oct 4, 2016 | Aug 24, 2016 | $0.28 | normal |
| Jun 10, 2016 | Jul 5, 2016 | May 25, 2016 | $0.28 | normal |
| Mar 15, 2016 | Apr 7, 2016 | Feb 25, 2016 | $0.45 | special |
| Mar 15, 2016 | Apr 7, 2016 | Feb 25, 2016 | $0.28 | normal |
| Dec 8, 2015 | Dec 31, 2015 | $0.23 | normal | |
| Sep 11, 2015 | Oct 6, 2015 | $0.23 | normal |
Best Buy's payout ratio of 64.9% is above the Consumer Cyclical sector and the industry average. Compared to its Consumer Cyclical sector average of 34.7%, Best Buy's payout ratio is 87% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| AAN Aaron's Company Inc | 7.07% | $0.5 | 555.6% |
| BBY Best Buy Co Inc | 4.93% | $3.7 | 64.9% |
| AAPL Apple Inc | 0.57% | $0.96 | 14.9% |
Yes, Best Buy has been paying dividends for the last 20 years.
BBY hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in June 2024.
Best Buy's last regular dividend was on Mar 20, 2024 (ex-date) with the amount of $0.94 per share.
BBY's annualized dividend per share is $3.7.
Currently Best Buy's dividend yield is 4.93%.
Best Buy pays dividends quarterly.
The dividend payout ratio of Best Buy is 64.9%.
Best Buy's dividend yield is more than the Consumer Cyclical sector average.