Electronic Arts Inc. (EA) to Issue Quarterly Dividend of $0.19 on June 19th

Electronic Arts Inc. (NASDAQ:EA) declared a quarterly dividend on Tuesday, May 7th, RTT News reports. Stockholders of record on Wednesday, May 29th will be paid a dividend of 0.19 per share by the game software company on Wednesday, June 19th. This represents a $0.76 annualized dividend and a dividend yield of 0.61%.

Electronic Arts has raised its dividend by an average of 64.7% per year over the last three years. Electronic Arts has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Electronic Arts to earn $5.73 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 13.3%.

Electronic Arts Stock Down 3.8 %

EA opened at $125.24 on Thursday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $131.27 and its 200 day simple moving average is $134.45. Electronic Arts has a 1-year low of $117.47 and a 1-year high of $144.53. The stock has a market cap of $33.48 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 1.73 and a beta of 0.78.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EA. Stifel Nicolaus upped their price target on shares of Electronic Arts from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Wedbush restated an “outperform” rating and set a $162.00 target price on shares of Electronic Arts in a research report on Wednesday. Roth Mkm lowered their target price on shares of Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Oppenheimer reiterated an “outperform” rating and issued a $150.00 price target on shares of Electronic Arts in a research note on Tuesday, April 23rd. Finally, Benchmark restated a “buy” rating and set a $153.00 price objective on shares of Electronic Arts in a research note on Thursday, April 18th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Electronic Arts presently has an average rating of “Moderate Buy” and an average price target of $146.94.

Insider Buying and Selling

In related news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the sale, the insider now owns 20,258 shares of the company’s stock, valued at approximately $2,901,755.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $126.64, for a total transaction of $101,312.00. Following the completion of the transaction, the insider now owns 26,283 shares of the company’s stock, valued at $3,328,479.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total transaction of $143,240.00. Following the transaction, the insider now owns 20,258 shares in the company, valued at approximately $2,901,755.92. The disclosure for this sale can be found here. Insiders sold a total of 32,272 shares of company stock worth $4,420,459 in the last three months. 0.20% of the stock is owned by corporate insiders.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.