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

Electronic Arts Inc. (NASDAQ:EA) announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Wednesday, May 27th will be paid a dividend of 0.19 per share by the game software company on Wednesday, June 17th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th.

Electronic Arts has a dividend payout ratio of 8.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Electronic Arts to earn $7.14 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 10.6%.

Electronic Arts Price Performance

EA opened at $201.34 on Wednesday. The stock has a 50-day moving average price of $201.86 and a 200-day moving average price of $202.20. Electronic Arts has a 12-month low of $141.19 and a 12-month high of $204.88. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $50.38 billion, a P/E ratio of 75.71, a PEG ratio of 2.17 and a beta of 0.66.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Electronic Arts in a research report on Monday. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Finally, Citigroup lowered their price objective on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $188.30.

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.