Best Buy Co., Inc. (NYSE:BBY) Updates On Dividend Release Date


On 2016-05-25, Best Buy Co., Inc. (NYSE:BBY) confirmed the dividend disbursement of $0.28 a share to shareholders as on record 2016-06-14. The firm will release dividend on 2016-07-05 while ex-dividend date is reported to be 2016-06-10.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Best Buy Co., Inc. (NYSE:BBY) paid a total of $0.28 per share in dividends. This figure stood at $0.28 a share in the same period a year ago indicating a deviation of 98.6111%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $32.791 on the stock. This figure is the average of recommendations offered by 12 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $45 and $20.5, respectively.

Taking the mathematical rating formula, the price for Best Buy Co., Inc. (NYSE:BBY) stands at 2.64. Earnings Review Best Buy Co., Inc. (NYSE:BBY) will report its quarterly earnings for the period ending on 2016-07-31 by 2016-08-23. For the period ending on 2016-07-31, experts are expecting EPS of $0.42.

Coming to the quarter ending on 2016-01-31, Best Buy Co., Inc. (NYSE:BBY) recorded EPS of $0.44. The reported numbers came lower than the analysts’ estimates of $0.35, demonstrating a miss of $0.09 as against reported figures.

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