Electronic Arts said on May 9, 2023 that its board of directors declared a regular quarterly dividend of $0.19 per share ($0.76 annualized). Previously, the company paid $0.19 per share.
Shares must be purchased before the ex-div date of May 30, 2023 to qualify for the dividend. Shareholders of record as of May 31, 2023 will receive the payment on June 21, 2023.
At the current share price of $124.74 / share, the stock's dividend yield is 0.61%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.63%, the lowest has been 0.46%, and the highest has been 1.02%. The standard deviation of yields is 0.13 (n=237).
The current dividend yield is 0.17 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.26. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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What is the Fund Sentiment?
There are 1972 funds or institutions reporting positions in Electronic Arts. This is an increase of 1 owner(s) or 0.05% in the last quarter. Average portfolio weight of all funds dedicated to EA is 0.38%, an increase of 7.80%. Total shares owned by institutions decreased in the last three months by 1.88% to 284,465K shares. © Provided by FintelEA / Electronic Arts, Inc. Put/Call RatiosThe put/call ratio of EA is 1.18, indicating a bearish outlook.
Analyst Price Forecast Suggests 12.13% Upside
As of May 11, 2023, the average one-year price target for Electronic Arts is 139.87. The forecasts range from a low of 108.07 to a high of $157.50. The average price target represents an increase of 12.13% from its latest reported closing price of 124.74.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Electronic Arts is 8,505MM, an increase of 14.53%. The projected annual non-GAAP EPS is 8.09.
What are Other Shareholders Doing?
Public Investment Fund holds 16,012K shares representing 5.84% ownership of the company. No change in the last quarter.
Massachusetts Financial Services holds 10,016K shares representing 3.65% ownership of the company. In it's prior filing, the firm reported owning 11,112K shares, representing a decrease of 10.93%. The firm decreased its portfolio allocation in EA by 86.64% over the last quarter.
Wellington Management Group Llp holds 9,460K shares representing 3.45% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,392K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 8,302K shares, representing an increase of 1.08%. The firm decreased its portfolio allocation in EA by 1.43% over the last quarter.
Ameriprise Financial holds 7,493K shares representing 2.73% ownership of the company. In it's prior filing, the firm reported owning 7,870K shares, representing a decrease of 5.03%. The firm increased its portfolio allocation in EA by 407.50% over the last quarter.
Electronic Arts Background Information
(This description is provided by the company.)
Electronic Arts is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers. In fiscal year 2020, EA posted GAAP net revenue of $5.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTST FIFA, BattlefieldT, Apex LegendsT, The SimsT, Madden NFL, Need for SpeedT, TitanfallT and Plants vs. ZombiesT.
This story originally appeared on Fintel.