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

Electronic Arts Inc. (NASDAQ:EA) announced a quarterly dividend on Monday, October 28th,Zacks Dividends reports. Stockholders 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 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Wednesday, November 27th.

Electronic Arts has increased its dividend payment by an average of 64.7% per year over the last three years. Electronic Arts has a payout ratio of 8.9% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NASDAQ:EA opened at $164.14 on Tuesday. Electronic Arts has a one year low of $124.92 and a one year high of $168.50. The stock has a market capitalization of $43.05 billion, a price-to-earnings ratio of 42.20, a PEG ratio of 2.18 and a beta of 0.78. The company has a 50-day simple moving average of $149.71 and a 200-day simple moving average of $144.23. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 7,384 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the sale, the insider now directly owns 31,190 shares in the company, valued at $4,675,692.90. This represents a 19.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total value of $832,350.00. Following the completion of the transaction, the chief executive officer now directly owns 52,615 shares in the company, valued at $8,758,819.05. This represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,884 shares of company stock valued at $4,404,435 in the last quarter. 0.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on EA shares. TD Cowen upped their price target on Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $150.00 target price on shares of Electronic Arts in a report on Wednesday, September 18th. BNP Paribas raised shares of Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Benchmark reaffirmed a “buy” rating and issued a $163.00 price objective on shares of Electronic Arts in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group increased their target price on Electronic Arts from $139.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $165.37.

About Electronic Arts

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.