BBY Best Buy Co., Inc.

Consumer Cyclical · Specialty Retail

7 · Fair Momentum 6.0 · Neutral Safe 21y streak

79.80

-3.20%

About the company

Best Buy Co., Inc. offers technology products and solutions in the United States, Canada, and internationally. The company provides computing and mobile phone 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 products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters that includes home theater accessories, soundbars, and televisions. It also offers appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, vacuums, and personal care; entertainment products consisting of drones, peripherals, gaming, toys, and virtual reality, as well as hardware and software, and augmented reality glasses and other software products; and other products, such as baby, food and beverage, luggage, and outdoor living products. In addition, the company provides delivery, installation, marketplace commissions, memberships, repair, set-up, technical support, health-related, and warranty-related services. It offers its products through stores and websites under the Best Buy, Best Buy Ads, Best Buy Business, Best Buy Essentials, Best Buy Health, Best Buy Marketplace, Geek Squad, Imagine That, Insignia, Lively, Jitterbug, My Best Buy, My Best Buy Memberships, Pacific Kitchen, Home, TechLiquidators, and Yardbird brand names, as well as domain names comprising bestbuy.com, lively.com, techliquidators.com, yardbird.com, bestbuy.ca, and techliquidators.ca. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was incorporated in 1966 and is headquartered in Richfield, Minnesota.

Website Annual reports (10-K)

4.81%

63.89%

3.84

16.8B

13.28

6.01

71.24

52-week range

79.8

low 55.1 high 91.3

Dividend deep dive

Best Buy Co., Inc. (BBY) operates in the Specialty Retail industry within the Consumer Cyclical sector. The company currently offers a dividend yield of 4.47%, which is within its 5-year range of 2.51% to 5.11% and above its 5-year average of 4.22%. Its dividend safety is rated as "safe". The company exhibits strong price momentum with a score of 10.0, while its valuation is considered fair, indicated by a value score of 5.0. Overall, Best Buy holds a rating score of 6.0.

Dividend history

Best Buy Co., Inc. has a consistent record of dividend increases, marking a streak of 21 consecutive years, earning it a "Contender" status in the CCC list. The company distributes dividends quarterly in March, June, September, and December. Over the last three years, the dividend grew at a CAGR of 2.58%, while the five-year CAGR stands at 11.55%, leading to a dividend doubling time of 6.2 years. Annual dividend payments have progressed from USD 0.72 in 2014 to USD 3.68 in 2023, with USD 3.76 projected for 2024 and USD 3.80 for 2025.