Electronic Arts Inc. (NASDAQ:EA) Announces $0.19 Quarterly Dividend

Electronic Arts Inc. (NASDAQ:EA) announced a quarterly dividend on Tuesday, May 7th, RTT News reports. Shareholders of record on Wednesday, May 29th will be given 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 yield of 0.58%.

Electronic Arts has raised its dividend payment by an average of 64.7% per year over the last three years. Electronic Arts has a payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Electronic Arts stock traded down $0.32 during trading hours on Tuesday, hitting $130.24. The stock had a trading volume of 3,282,604 shares, compared to its average volume of 1,976,518. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $34.82 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 1.73 and a beta of 0.78. Electronic Arts has a 1-year low of $117.47 and a 1-year high of $144.53. The stock’s fifty day moving average is $131.75 and its two-hundred day moving average is $134.50.

Analyst Ratings Changes

Several analysts have weighed in on the company. Roth Mkm lowered their target price on Electronic Arts from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. UBS Group reduced their price objective on Electronic Arts from $146.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 27th. Wedbush restated an “outperform” rating and issued a $162.00 price objective on shares of Electronic Arts in a research report on Thursday, May 2nd. Benchmark restated a “buy” rating and issued a $153.00 price objective on shares of Electronic Arts in a research report on Thursday, April 18th. Finally, Stifel Nicolaus increased their target price on Electronic Arts from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus price target of $146.72.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $139.08, for a total transaction of $111,264.00. Following the completion of the sale, the insider now owns 27,883 shares in the company, valued at approximately $3,877,967.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $143.24, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 800 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $139.08, for a total value of $111,264.00. Following the completion of the sale, the insider now directly owns 27,883 shares in the company, valued at approximately $3,877,967.64. The disclosure for this sale can be found here. Insiders sold a total of 37,144 shares of company stock worth $5,087,143 in the last 90 days. 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.