Best Buy a Top Ranked SAFE Dividend Stock With 4.8% Yield (BBY)

Best Buy Inc (Symbol: BBY) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 4.8% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.

According to the ETF Finder at ETF Channel, Best Buy Inc is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 1.09% of the SPDR S&P Dividend ETF (SDY), which holds $221,646,100 worth of BBY shares.

Best Buy Inc (Symbol: BBY) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.

The annualized dividend paid by Best Buy Inc is $3.76/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 03/20/2024. Below is a long-term dividend history chart for BBY, which the report stressed as being of key importance.


BBY operates in the Electronics Stores sector, among companies like Vertiv Holdings Co (VRT), and Upbound Group Inc (UPBD).

Top 25 S.A.F.E. Dividend Stocks Increasing Payments For Decades »

Also see:
• RESN Insider Buying
• FC Videos
• AXGT market cap history

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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