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

Electronic Arts Inc. (NASDAQ:EA) declared a quarterly dividend on Monday, October 28th,Zacks Dividends reports. Investors of record on Wednesday, November 27th will be paid 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 is Wednesday, November 27th.

Electronic Arts has raised its dividend payment by an average of 64.7% annually over the last three years. Electronic Arts has a payout ratio of 8.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

NASDAQ EA opened at $164.14 on Tuesday. The firm has a market capitalization of $43.05 billion, a P/E ratio of 42.20, a PEG ratio of 2.18 and a beta of 0.78. The stock has a 50-day simple moving average of $149.71 and a two-hundred 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. Electronic Arts has a fifty-two week low of $124.92 and a fifty-two week high of $168.50.

Insiders Place Their Bets

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction on Wednesday, November 20th. The stock was 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 approximately $8,758,819.05. This trade represents a 8.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jacob J. Schatz sold 1,500 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $163.30, for a total value of $244,950.00. Following the sale, the executive vice president now owns 23,360 shares in the company, valued at approximately $3,814,688. This trade represents a 6.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,884 shares of company stock worth $4,404,435 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

EA has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $160.00 price target on shares of Electronic Arts in a research report on Wednesday, September 18th. UBS Group boosted their price objective on Electronic Arts from $155.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. reduced their price objective on shares of Electronic Arts from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Morgan Stanley reiterated an “equal weight” rating and issued a $150.00 target price on shares of Electronic Arts in a research report on Wednesday, September 18th. Finally, Robert W. Baird upped their price target on shares of Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Eight 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 MarketBeat, Electronic Arts presently 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.