Best Buy Co (Best Buy Co) Dividend Payout Ratio

: 0.34 (As of Jan. 2024)

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Best Buy Co's dividend payout ratio for the months ended in Jan. 2024 was 0.34.

The historical rank and industry rank for Best Buy Co's Dividend Payout Ratio or its related term are showing as below:

BBY' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.28 Med: 0.32 Max: 0.58
Current: 0.58

During the past 13 years, the highest Dividend Payout Ratio of Best Buy Co was 0.58. The lowest was 0.28. And the median was 0.32.

BBY's Dividend Payout Ratio is ranked worse than
68.66% of 501 companies
in the Retail - Cyclical industry
Industry Median: 0.37 vs BBY: 0.58

As of today (2024-04-16), the Dividend Yield % of Best Buy Co is 4.85%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Best Buy Co was 5.68%. The lowest was 1.17%. And the median was 2.42%.

Best Buy Co's Dividends per Share for the months ended in Jan. 2024 was $0.92.

During the past 12 months, Best Buy Co's average Dividends Per Share Growth Rate was 4.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 18.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 17.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 19.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Best Buy Co was 25.10% per year. The lowest was 4.70% per year. And the median was 17.70% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Best Buy Co Dividend Payout Ratio Historical Data

The historical data trend for Best Buy Co's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Best Buy Co Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Dividend Payout Ratio

0.33

0.28

0.50

0.58

Best Buy Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Dividend Payout Ratio																0.34	0.80	0.75	0.71	0.34

Competitive Comparison

For the Specialty Retail subindustry, Best Buy Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Best Buy Co Dividend Payout Ratio Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Best Buy Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Best Buy Co's Dividend Payout Ratio falls into.

Best Buy Co Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Best Buy Co's Dividend Payout Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Jan. 2024 )	/	EPS without NRI (A: Jan. 2024 )
	=	3.68	/	6.37
	=	0.58

Best Buy Co's Dividend Payout Ratio for the quarter that ended in Jan. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Jan. 2024 )	/	EPS without NRI (Q: Jan. 2024 )
	=	0.92	/	2.72
	=	0.34

Best Buy Co (NYSE:BBY) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Best Buy Co Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Best Buy Co's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Best Buy Co (Best Buy Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Best Buy Co Inc (NYSE:BBY) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

BBY:Mexico BUY:Germany BUY:Germany BBYY34:Brazil

Address

7601 Penn Avenue South, Richfield, MN, USA, 55423

Website

https://www.investors.bestbuy.com

With $46.3 billion in consolidated fiscal 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the U.S., boasting roughly 8.5% share of the U.S. market and north of 35% share of offline sales, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the COVID-19 pandemic, have seen the U.S. e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.

Executives

Richard M Schulze	10 percent owner	BEST BUY CO INC, 7075 FLYING CLOUD DRIVE, EDEN PRAIRIE MN 55344
Todd G. Hartman	officer: GC, Chief Risk/Comp Officer	7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
David C Kimbell	director	8410 W. BRYN MAWR, CHICAGO IL 60631
Kathleen Scarlett	officer: Chief Human Resources Officer	7601 PENN AVE S, RICHFIELD MN 55423
Jason J Bonfig	officer: Chief Merchandising Officer	7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Matthew M Bilunas	officer: Chief Financial Officer	C/O BEST BUY CO., INC., 7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Barry Corie S	officer: CFO	7601 PENN AVE S., RICHFIELD MN 55423
Mathew Watson	officer: VP, Finance - Contr. & CAO	7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Damien Harmon	officer: Pres., Omnichannel Ops & Serv	7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Sima Sistani	director	675 AVENUE OF THE AMERICAS, 6TH FLOOR, NEW YORK NY 10010
Melinda D Whittington	director	THREE LAKES DRIVE, NORTHFIELD IL 60093
Deborah Disanzo	officer: President, Best Buy Health	7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Allison Peterson	officer: Chief Customer Officer	7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Brian A Tilzer	officer: Chief Digital & Tech Officer	CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11
Mark A Irvin	officer: Chief Supply Chain Officer	7601 PENN AVENUE, RICHFIELD MN 55423