Best Buy Raises Quarterly Dividend 1% to $0.96 per Share

Best Buy Co., Inc. (NYSE: BBY), the consumer electronics retailer, announced its board of directors approved a 1% increase in its regular quarterly cash dividend to $0.96 per share, up from the previous $0.95. Read more dividend announcements.

The dividend is payable April 14, 2026, to shareholders of record as of the close of business on March 24, 2026.

Fourth Quarter Performance

The dividend increase accompanies Best Buy's fourth quarter results for the period ended January 31, 2026. The Minneapolis-based company reported revenue of $13.81 billion, down slightly from $13.95 billion in the year-ago quarter. Comparable sales declined 0.8% versus a 0.5% increase last year.

Diluted earnings per share reached $2.56 compared to $0.54 in the prior-year quarter. Adjusted diluted EPS was $2.61 versus $2.58 last year. Operating income as a percentage of revenue expanded to 5.2% from 1.6% in the fourth quarter of fiscal 2025.

For the full fiscal year 2026, Best Buy generated revenue of $41.69 billion and adjusted diluted EPS of $6.43. The company's domestic segment posted comparable sales growth of 0.4%, while international comparable sales increased 2.3%.

Capital Returns

In the fourth quarter, Best Buy returned $272 million to shareholders through $199 million in dividends and $73 million in share repurchases. For the full fiscal year 2026, total capital returns reached $1.07 billion, comprising $801 million in dividends and $273 million in share buybacks.

The company expects to spend approximately $300 million on share repurchases during fiscal 2027. Best Buy projects fiscal 2027 adjusted diluted EPS in the range of $6.30 to $6.60.