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

Electronic Arts Inc. (NASDAQ:EA) declared 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 is Wednesday, February 25th.

Electronic Arts has a 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 Price Performance

EA stock traded down $4.10 on Wednesday, reaching $197.29. The company had a trading volume of 7,658,448 shares, compared to its average volume of 2,400,396. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.84 and a current ratio of 0.84. The company’s fifty day moving average is $203.87 and its 200 day moving average is $190.21. The company has a market cap of $49.34 billion, a P/E ratio of 57.68, a PEG ratio of 2.45 and a beta of 0.74. Electronic Arts has a 1 year low of $125.95 and a 1 year high of $204.88.

Analyst Ratings Changes

EA has been the topic of a number of recent research reports. Citigroup reduced their target price on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a report on Wednesday. Zacks Research cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Argus set a $210.00 price target on Electronic Arts in a research note on Thursday, October 30th. Benchmark reaffirmed a “buy” rating on shares of Electronic Arts in a research report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Electronic Arts in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $186.95.

Electronic Arts Company Profile

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.