Home Markets Dividend Growth of Best Buy Co., Inc.(BBY)

Dividend Growth of Best Buy Co., Inc.(BBY)


Best Buy Co.(BBY) is having a Dividend Yield of 2.44% with the Annual cash Dividend per share of $1.12. The last quarter cash dividend per share pay out was $0.28. Best Buy Co. has a 5 year average dividend yield of 2.84% and the stock has a Indicated annual dividend of $1.12. Best Buy Co.(BBY) formally announced its most recent dividend on November 18, 2016 with a Dividend per share of $0.28. The new indicated annual dividend based on announced dividend per share is $1.12. The dividend yield based on the forward looking indicated annual dividend is 2.44%. Best Buy Co.(BBY) has the most recent dividend payout ratio of 0.35 with a 5-year average payout ratio of 0.3. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.05. The 5 year historical dividend growth of Best Buy Co.(BBY) is at the rate of 13.3% while the R-Squared dividend growth is 0.84. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Best Buy Co., Inc. (NYSE:BBY) witnessed a decline in the market cap on Thursday as its shares dropped 1.2% or 0.55 points. After the session commenced at $45.87, the stock reached the higher end at $46.225 while it hit a low of $45.14. With the volume soaring to 3,203,222 shares, the last trade was called at $45.37. The company has a 52-week high of $49.4. The company has a market cap of $14,238 million and there are 313,826,200 shares in outstanding. The 52-week low of the share price is $28.02. Shares of Best Buy Co., Inc. rose by 1.43% in the last five trading days and 1.34% for the last 4 weeks. Best Buy Co., Inc. is up 14.45% in the last 3-month period. Year-to-Date the stock performance stands at 6.33%.

Currently the company Insiders own 1.21% of Best Buy Co., Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -22.56% . Institutional Investors own 86.57% of Best Buy Co., Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -28.98%. Company has reported several Insider transactions to the SEC, on Dec 19, 2016, Richard M Schulze (10% owner) sold 90,000 shares at 47.58 per share price.On Dec 7, 2016, Paula Baker (SVP, CHRO) sold 6,138 shares at 46.70 per share price.On Nov 23, 2016, Rajendra M Mohan (Chief Merchandising Officer) sold 61,386 shares at 45.67 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Best Buy Co Inc was Initiated by Bernstein on Feb 6, 2017 to Underperform, Price Target of the shares are set at $34.Best Buy Co Inc was Initiated by Loop Capital on Dec 7, 2016 to Buy, Price Target of the shares are set at $58.

Best Buy Co Inc Last issued its quarterly earnings results on Nov 17, 2016. The company reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.15. Analyst had a consensus of $0.47. The company had revenue of $8945.00 million for the quarter, compared to analysts expectations of $8850.50 million. The companys revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

Best Buy operates in a single business segment, selling personal computers and other home office products, consumer electronics, entertainment software, major appliances and related accessories principally through its retail stores. They operate retail stores and commercial Websites under the brand names Best Buy, Media Play, On Cue, Sam Goody, Suncoast, Magnolia Hi-Fi and Future Shop. They also operate in three segments: Best Buy, Musicland and International.



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