Best Buy dividend – Best Buy Co Inc Declares 0.92 Cash Dividend
March 19, 2023
Dividends Yield
On March 2, 2023, Best Buy ($BER:BUY) Co Inc announced a 0.92 cash dividend per share. This dividend marks the fourth consecutive year that the company has released an annual dividend per share. In the past three years, the company has released an annual dividend per share of 3.34, 2.8, and 2.2 USD respectively, with corresponding dividend yields of 3.46%, 2.31%, and 2.26%. This gives an average yield of 2.68% per share, making it a viable option for dividend stocks.
If you’re in the market for a dividend stock, Best Buy might be worth considering with an ex-dividend date of March 22, 2023. Its strong balance sheet and low debt-to-equity ratio are also reassuring signs for investors. The company has consistently delivered a healthy dividend yield during the past three years and its sound financials make it a reliable and attractive option for investors.
Share Price
On Thursday, the stock opened at €77.3 and closed at €76.6, down 1.4% from the previous closing price of 77.7. Despite this dip in stock prices, BEST BUY‘s dividend is still attractive to investors and may be an indicator of future growth for the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Best Buy. More…
| Total Revenues | Net Income | Net Margin |
| 46.3k | 1.42k | 3.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Best Buy. More…
| Operations | Investing | Financing |
| 1.82k | -962 | -1.81k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Best Buy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.8k | 13.01k | 13.29 |
Key Ratios Snapshot
Some of the financial key ratios for Best Buy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.0% | -1.8% | 3.9% |
| FCF Margin | ROE | ROA |
| 1.9% | 38.1% | 7.2% |
Analysis
GoodWhale conducted an analysis of BEST BUY‘s wellbeing, which revealed some interesting insights. Our Star Chart rated BEST BUY with a high health score of 8/10, indicating that it has a strong cashflow and debt level that would let it safely ride out any potential crisis without the risk of bankruptcy. We also classified BEST BUY as a ‘cow’, which is a company that has a track record of paying out consistent and sustainable dividends. Investors may find BEST BUY to be an attractive investment opportunities due to its strong asset, dividend, and profitability. The only downside is that it is weak in growth. Therefore, those investors who are looking for a steady yet reliable return on their investments may find BEST BUY to be a good fit. More…
Summary
Investing in BEST BUY can be a smart move for investors looking for consistent and solid returns. In the last three years, BEST BUY has issued an annual dividend per share of 3.34, 2.8, and 2.2 USD with corresponding dividend yields of 3.46%, 2.31%, and 2.26%. This translates to an average yield of 2.68%. As such, investing in BEST BUY stocks can provide investors with reliable and steady returns over the long term.
Related Posts
Recent Posts
