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BBY Dividend Yield Pushes Past 2%

By Dividend Channel Staff, Monday, June 6, 4:41 PM ET
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In trading on Monday, shares of Best Buy Inc (NYSE:BBY) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.60), with the stock changing hands as low as $29.88 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the S&P 500 ETF (SPY) back on 12/31/1998 you would have paid $123.31 per share. Fast forward to 12/31/2010 and each share was worth $125.75 on that date, a mere $2.44 or 2% increase over all those years. But now consider that you collected a whopping $20.53 per share in dividends over the same period, increasing your return to 18.6%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.4%; so by comparison collecting a yield above 2% would appear considerably attractive if that yield is sustainable. Best Buy Inc (NYSE:BBY) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index.

In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Best Buy Inc, looking at the history chart for BBY below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.

BBY Dividend History
Date Div*
04/12/11 0.150
12/31/10 0.150
10/01/10 0.150
07/01/10 0.140
04/13/10 0.140
12/31/09 0.140
10/02/09 0.140
07/02/09 0.140
04/14/09 0.140
01/02/09 0.140
10/03/08 0.140
07/03/08 0.130
04/21/08 0.130
07/06/07 0.100
04/23/07 0.100
12/28/06 0.100
09/29/06 0.100
06/29/06 0.080
04/18/06 0.080
12/29/05 0.080
09/30/05 0.080
06/30/05 0.073
04/18/05 0.073
01/03/05 0.073
10/04/04 0.073
07/02/04 0.067
04/19/04 0.067
01/05/04 0.067
11/14/03 0.200
* Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company.

According to the ETF Finder at ETF Channel, BBY makes up 2.59% of the Retail HOLDRS ETF (AMEX:RTH) which is trading lower by about 0.9% on the day Monday.

See what other ETFs contain BBY
See what other stocks are held by RTH

BBY operates in the Electronics Stores sector, among companies like hhgregg Inc (NYSE:HGG) which is off about 1.5% today, and RadioShack Corp. (NYSE:RSH) trading lower by about 2.8%. Below is a three month price history chart comparing the stock performance of BBY, versus HGG and RSH.

BBY,HGG,RSH Relative Performance Chart


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