LONDON, UK / ACCESSWIRE / December 05, 2017 / Active-Investors has a free review on Best Buy Co., Inc. (NYSE: BBY) following the Company's announcement that it will begin trading ex-dividend on December 06, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on December 05, 2017. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on BBY:

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Dividend Declared

On November 17, 2017, Best Buy's Board of Directors authorized the payment of a regular quarterly cash dividend of $0.34 per common share. The quarterly dividend is payable on December 28, 2017, to shareholders of record as of the close of business on December 07, 2017. The Company had 295,718,633 shares of common stock issued and outstanding as of October 28, 2017.

Best Buy's indicated dividend represents a yield of 2.25%, which is substantially above the average dividend yield of 1.89% for the Services sector. The Company has raised dividend for five consecutive years.

Dividend Insights

Best Buy has a dividend payout ratio of 33.7%, which indicates that the Company spends approximately $0.34 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Best Buy is forecasted to report earnings of $4.26 for the next year, which is more than triple the Company's annualized dividend of $1.36 per share.

As of October 28, 2017, Best Buy had cash and cash equivalents of $1.10 billion compared to $1.34 billion at October 29, 2016. The Company's net cash provided by operating activities for the nine months ended October 28, 2017, was $1.20 billion compared to $1.41 billion in the prior year's same period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Best Buy

On November 16, 2017, Best Buy announced that for the third quarter ended October 28, 2017, the Company's diluted earnings per share from continuing operations surged 30% to $0.78 compared to $0.60 in Q3 FY17. Best Buy's revenue for the reported quarter totaled $9.32 billion compared to $8.95 billion for the prior year's same quarter.

About Best Buy

Best Buy is a leading provider of technology products, services, and solutions. The Company offers expert service at an unbeatable price more than 1.5 billion times a year to the consumers, small business owners, and educators. The Company has operations in the US, where more than 70% of the population lives within 15 minutes of a Best Buy store, as well as in Canada and Mexico, where Best Buy has an online and a physical presence.

Stock Performance Snapshot

December 04, 2017 - At Monday's closing bell, Best Buy's stock climbed 3.65%, ending the trading session at $62.55.

Volume traded for the day: 6.91 million shares, which was above the 3-month average volume of 4.32 million shares.

Stock performance in the last month ? up 9.09%; previous three-month period ? up 13.19%; past twelve-month period ? up 36.96%; and year-to-date ? up 46.59%

After yesterday's close, Best Buy's market cap was at $18.47 billion.

Price to Earnings (P/E) ratio was at 15.84.

The stock has a dividend yield of 2.17%.

The stock is part of the Services sector, categorized under the Electronics Stores industry. This sector was up 0.8% at the end of the session.

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