Electronic Arts Inc. to Issue Quarterly Dividend of $0.19 (NASDAQ:EA)

Electronic Arts Inc. (NASDAQ:EA) announced a quarterly dividend on Tuesday, February 3rd. Stockholders of record on Wednesday, February 25th will be paid a dividend of 0.19 per share by the game software company on Wednesday, March 18th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, February 25th.

Electronic Arts has a dividend payout ratio of 8.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Electronic Arts to earn $5.59 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 13.6%.

Electronic Arts Stock Performance

EA traded down $4.10 on Wednesday, reaching $197.29. 7,658,448 shares of the stock were exchanged, compared to its average volume of 2,400,396. The company’s 50-day moving average price is $203.87 and its 200 day moving average price is $190.21. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $49.34 billion, a PE ratio of 57.68, a PEG ratio of 2.45 and a beta of 0.74. Electronic Arts has a fifty-two week low of $125.95 and a fifty-two week high of $204.88.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.