Dividend Achievers List: Top 15

11. Best Buy Co., Inc. (NYSE:BBY)

Dividend Yield as of September 22: 3.86%

Best Buy Co., Inc. (NYSE:BBY) is a Minnesota-based consumer electronics company that deals in a wide range of related products and services. The stock has surged by nearly 26% since the start of 2024 as the company surprised investors and analysts with its earnings this year. In fiscal Q2 2025, it reported revenue of $9.3 billion, which beat analysts’ estimates by $41.4 million.

Best Buy Co., Inc. (NYSE:BBY)’s computer sales were the highlight of the quarter, with domestic tablet and computing categories experiencing a combined sales growth of 6% compared to the previous year. Leveraging its market position, knowledgeable sales associates, and attractive merchandising, the company was able to take advantage of the increased demand stemming from customers wanting to replace or upgrade their products, along with the introduction of new innovations.

Best Buy Co., Inc. (NYSE:BBY) also remained strong from a cash point of view. The company ended the quarter with $1.4 billion available in cash and cash equivalents, up from $1.1 billion in the prior year period. Its operating cash flow showed a significant growth at $817 million, from just $181 million in the year-ago period. During the quarter, the company returned $203 million to shareholders through dividends.

On August 29, Best Buy Co., Inc. (NYSE:BBY) declared a quarterly dividend of $0.94 per share, which was consistent with its previous dividend. The company is one of the best stocks on our dividend achievers list with 11 years of dividend growth under its belt. As of September 22, the stock supports a dividend yield of 3.86%.

The number of hedge funds owning stakes in Best Buy Co., Inc. (NYSE:BBY) grew to 37 in Q2 2024, from 30 in the previous quarter, according to Insider Monkey’s database. These stakes are worth over $650 million in total. Among these hedge funds, D E Shaw was the company’s largest stakeholder in Q2.