Business
How JB HiFi (ASX:JBH) shares became an ASX dividend powerhouse
JB Hi-Fi Limited (ASX: JBH) shares had a great day today, rising 2.69% by the market’s close to a price of $52.36. That doesn’t quite put the JB share price near its 52-week (and all-time) high of $55.25, but it’s not far off.
JB shares have been rewarding their owners very handsomely over the past few months. The JB Hi-Fi share price is up more than 22% since 8 December, and up 26.5% over the past 12 months.
Today’s share price moves come after the company released its half-year results this morning for the 6 months to 31 December 2020.
It was a pleasing result for the company. As we covered this morning, JB recorded a 23.7% rise in total sales to $4.9 billion. Earnings before interest and tax (EBIT) were up 76% to $462.8…
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