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

Electronic Arts Inc. (NASDAQ:EA) announced a quarterly dividend on Monday, October 28th,Zacks Dividends reports. Investors of record on Wednesday, November 27th will be given a dividend of 0.19 per share by the game software company on Wednesday, December 18th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Wednesday, November 27th.

Electronic Arts has raised its dividend by an average of 64.7% annually over the last three years. Electronic Arts has a dividend payout ratio of 8.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Electronic Arts to earn $6.34 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 12.0%.

Electronic Arts Trading Down 0.8 %

NASDAQ EA opened at $166.67 on Monday. Electronic Arts has a 52 week low of $124.92 and a 52 week high of $168.50. The firm has a 50 day moving average of $149.36 and a two-hundred day moving average of $143.97. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $43.71 billion, a PE ratio of 42.85, a price-to-earnings-growth ratio of 2.18 and a beta of 0.78.

Insider Activity at Electronic Arts

In related news, CEO Andrew Wilson sold 2,500 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $141.50, for a total transaction of $353,750.00. Following the transaction, the chief executive officer now directly owns 54,247 shares in the company, valued at approximately $7,675,950.50. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of Electronic Arts stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $149.32, for a total value of $223,980.00. Following the completion of the sale, the executive vice president now owns 27,860 shares of the company’s stock, valued at $4,160,055.20. This trade represents a 5.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,884 shares of company stock valued at $4,404,435. 0.22% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. BMO Capital Markets reissued an “outperform” rating and set a $160.00 price objective (up previously from $154.00) on shares of Electronic Arts in a report on Wednesday, October 30th. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. Bank of America raised their price objective on Electronic Arts from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Roth Mkm raised their price target on Electronic Arts from $154.00 to $158.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird lifted their price objective on shares of Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Electronic Arts currently has an average rating of “Moderate Buy” and a consensus price target of $165.37.

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.