Best Buy Co: Dividend Insights
Portfolio Pulse from Benzinga Insights
Best Buy Co (NYSE:BBY) has announced a quarterly dividend of 92 cents per share, payable on October 10, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders owning BBY as of the end of Friday's session are eligible for the dividend.
September 13, 2023 | 2:45 pm
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Best Buy Co's announcement of a 92 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which can lead to a short-term decrease in the stock price. However, this is a normal part of the dividend process and does not reflect negatively on the company's performance. Investors who hold the stock until the ex-dividend date will receive the dividend, which they can choose to reinvest or use in another way.
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