|Bid||112.70 x 800|
|Ask||112.95 x 1000|
|Day's Range||112.08 - 115.09|
|52 Week Range||48.11 - 124.89|
|Beta (5Y Monthly)||1.76|
|PE Ratio (TTM)||17.16|
|Earnings Date||Feb 25, 2021 - Mar 01, 2021|
|Forward Dividend & Yield||2.20 (1.95%)|
|Ex-Dividend Date||Dec 14, 2020|
|1y Target Est||123.81|
While Best Buy (NYSE: BBY) shoppers were snapping up Black Friday deals, the retailer's investors were digesting some encouraging news about their stock on Wednesday. The company declared its newest quarterly dividend, $0.55 per share, to be paid on Jan. 5 to stockholders of record as of Dec. 15. By maintaining its payout, Best Buy is signaling to its shareholders that its business is solid.
If any retailers were still in denial about the dramatic shift toward e-commerce, the pandemic took care of that quickly: e-commerce now accounts for 20% of all U.S. retail spending.
In this episode of MarketFoolery, Chris Hill chats with Motley Fool analyst Bill Barker about the latest headlines from Wall Street, including Joe Biden's pick for Treasury Secretary, earnings reports from a couple of discount retailers, details on a hot acquisition, and much more.