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Home/News Feed/Best Buy raises dividend to $3.84 with a safe 5% yield backed by strong cash flow and earnings.
BBY
$74.00
-$2.01 -2.64%

Best Buy raises dividend to $3.84 with a safe 5% yield backed by strong cash flow and earnings.

Company Fundamentals
22 Jun 2026
24/7 Wall Street
View Source
Bullish
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Best Buy announced a quarterly dividend of $0.96, raising its annual payout to $3.84 per share, yielding about 5% at current prices. The dividend is well-covered by earnings and free cash flow, with payout ratios around 60-65%, and the company holds $1.7 billion in cash as a buffer. Best Buy has maintained dividend payments for over 20 years without cuts, including through the pandemic, and continues share buybacks alongside the dividend. The dividend is considered safe for income investors, though risks remain if consumer sentiment worsens or appliance sales decline.

More News (BBY)

Best Buy poised for growth under new CEO with innovation and retail media driving expansion

Best Buy poised for growth under new CEO with innovation and retail media driving expansion

Jefferies analysts see Best Buy entering a growth phase under incoming CEO Jason Bonfig, driven by product innovation, retail media, and expanding third-party marketplace. Bonfig's strong vendor relationships and early exclusivity on new RGB TVs posi...

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