Company: Best Buy Company Inc. (BBY)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: With $43.5 billion in consolidated 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8.3% share of the North American market and north of 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the covid-19 pandemic, have seen the US e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward. -Morningstar.com-
Symbol: BBY
Recent Price: $81.92
Dividends: $3.76
Yield: 4.59%
Sector: Consumer Cyclical
Industry: Specialty Retail
Address & Company Phone #: 7601 Penn Avenue South Richfield MN 55423, 612-291-6111
Transfer Agent: Broadridge Corporate Issuer Inc. 844-318-0131
Moody’s Rating: A3
Minimum & Maximum Investment: $50 – $250,000/year
Investment Dates: Twice Weekly
Shares to Qualify: 1 Share or $500
Fees: Div.: $2 (to $3)+3¢/sh. Cash: $5+3¢/sh. Cert: $0 Sells: by Mail, Phone or Internet for $15+12¢/sh.
52 Week High & Low: $93.72, $62.30