How to buy JB Hi-Fi stock

JB Hi-Fi Limited is an Australian consumer electronics and home appliances retail company. The company employs approximately 13,200 people, operates in Australia and New Zealand, and is administered from its head office in Southbank, Victoria.

How to buy JB Hi-Fi stock?

JB Hi-Fi trades on the ASX under the ticker symbol “JBH.” Shares of JB Hi-Fi were trading around $210 as of November 2021, up 53.44% in past 5 years. Before you can start purchasing JB Hi-Fi stock or another Australian company, you’ll need to sign up to a broker with access to the ASX. You can open an account with an online brokerage, a full-service brokerage (a more expensive choice) or a trading app such as Robinhood, eToro, or Webull. Today, most online brokers don’t charge any trading commissions on stocks and have no account minimum to get started. Make sure you consider the variety of exchanges, the commissions and fees, and what margin rates the broker offers. And most of them also allow you to purchase smaller pieces of investments, called fractional shares, rather than having to pay the full price for a whole share.

Picking out individual stocks, such as JB Hi-Fi, requires much more education than investing in diversified assets like index funds since stocks carry more risk. It is generally recommended that beginners speak to a qualified financial advisor or a full-service broker gives you access to professionals with deep understanding of markets and investing. If you’re disinclined to pay the fees that come with a financial advisor, consider opening an account with a robo-advisor. These automatic investment managers learn about your investor profile and build a portfolio accordingly.

Is JB Hi-Fi a good dividend stock?

The dividend payout ratio of JB Hi-Fi is 65.44%. JBH has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.