Playtika Holding Corp. Announces Quarterly Dividend of $0.10 (NASDAQ:PLTK)

Playtika Holding Corp. (NASDAQ:PLTK) announced a quarterly dividend on Thursday, November 6th. Shareholders of record on Friday, December 26th will be given a dividend of 0.10 per share on Friday, January 9th. This represents a c) annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend is Friday, December 26th.

Playtika has a dividend payout ratio of 63.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Playtika to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 56.3%.

Playtika Stock Up 11.5%

PLTK traded up $0.43 on Thursday, hitting $4.18. 5,777,862 shares of the company traded hands, compared to its average volume of 1,857,151. The company has a 50 day moving average of $3.65 and a 200-day moving average of $4.29. The stock has a market capitalization of $1.57 billion, a PE ratio of 17.42, a PEG ratio of 1.23 and a beta of 0.85. Playtika has a 12-month low of $3.31 and a 12-month high of $8.80.

Playtika (NASDAQ:PLTK) last issued its earnings results on Thursday, November 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The business had revenue of $674.60 million for the quarter, compared to analysts’ expectations of $669.60 million. Playtika had a negative return on equity of 83.90% and a net margin of 3.23%.The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $0.11 earnings per share. Playtika has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Playtika will post 0.65 EPS for the current year.

Playtika Company Profile

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.