Best Buy Co., Inc. (NYSE:BBY) Announces $0.96 Quarterly Dividend

Posted by Francis Steltz on May 28th, 2026

Best Buy Co., Inc. (NYSE:BBY – Get Free Report) announced a quarterly dividend on Thursday, May 28th. Investors of record on Thursday, June 18th will be paid a dividend of 0.96 per share by the technology retailer on Thursday, July 9th. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Thursday, June 18th.

Best Buy has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 22 consecutive years. Best Buy has a payout ratio of 57.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Best Buy to earn $7.00 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 54.9%.

Best Buy Price Performance

BBY traded up $10.30 during trading on Thursday, reaching $74.84. 14,361,121 shares of the company were exchanged, compared to its average volume of 3,624,619. The company’s 50-day moving average is $61.74 and its two-hundred day moving average is $66.83. The company has a market cap of $15.77 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 1.59 and a beta of 1.22. The company has a quick ratio of 0.43, a current ratio of 1.11 and a debt-to-equity ratio of 0.39. Best Buy has a 12-month low of $55.10 and a 12-month high of $84.99.

Best Buy (NYSE:BBY – Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The technology retailer reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. Best Buy had a return on equity of 49.17% and a net margin of 2.56%.The business had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter in the prior year, the firm posted $1.15 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. Research analysts forecast that Best Buy will post 6.5 earnings per share for the current fiscal year.

Insider Transactions at Best Buy

In other Best Buy news, CAO Mathew Watson sold 3,298 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $64.02, for a total value of $211,137.96. Following the sale, the chief accounting officer owned 23,192 shares of the company’s stock, valued at $1,484,751.84. This trade represents a 12.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kathleen Scarlett sold 8,049 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $64.02, for a total value of $515,296.98. Following the completion of the sale, the executive vice president directly owned 102,669 shares in the company, valued at approximately $6,572,869.38. The trade was a 7.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 77,247 shares of company stock worth $4,945,353. 0.47% of the stock is owned by insiders.

Hedge Funds Weigh In On Best Buy

A number of large investors have recently modified their holdings of BBY. AQR Capital Management LLC raised its holdings in shares of Best Buy by 99.8% during the 3rd quarter. AQR Capital Management LLC now owns 6,997,871 shares of the technology retailer’s stock valued at $525,120,000 after buying an additional 3,496,254 shares in the last quarter. Norges Bank purchased a new position in shares of Best Buy during the 4th quarter valued at about $174,685,000. Schroder Investment Management Group raised its holdings in shares of Best Buy by 378.8% during the 4th quarter. Schroder Investment Management Group now owns 3,096,015 shares of the technology retailer’s stock valued at $207,216,000 after buying an additional 2,449,342 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Best Buy by 104.1% during the 4th quarter. Hsbc Holdings PLC now owns 2,020,539 shares of the technology retailer’s stock valued at $135,685,000 after buying an additional 1,030,544 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Best Buy by 293.6% during the 4th quarter. KBC Group NV now owns 1,052,805 shares of the technology retailer’s stock valued at $70,464,000 after buying an additional 785,294 shares in the last quarter. 80.96% of the stock is owned by hedge funds and other institutional investors.

About Best Buy

(Get Free Report)

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.