Electronic Arts Inc. (EA) To Go Ex-Dividend on November 27th

Electronic Arts Inc. (NASDAQ:EA) announced a quarterly dividend on Monday, October 28th,Zacks Dividends reports. Stockholders of record on Wednesday, November 27th will be given a dividend of 0.19 per share by the game software company on Wednesday, December 18th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Wednesday, November 27th.

Electronic Arts has increased its dividend by an average of 64.7% per year over the last three years. Electronic Arts has a dividend 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 Price Performance

Shares of EA stock opened at $166.67 on Monday. Electronic Arts has a fifty-two week low of $124.92 and a fifty-two week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market capitalization of $43.71 billion, a price-to-earnings ratio of 42.85, a PEG ratio of 2.18 and a beta of 0.78. The stock’s 50-day simple moving average is $149.36 and its 200-day simple moving average is $143.97.

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $149.32, for a total transaction of $223,980.00. Following the completion of the transaction, the executive vice president now owns 27,860 shares of the company’s stock, valued at $4,160,055.20. This trade represents a 5.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 7,384 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $149.91, for a total transaction of $1,106,935.44. Following the completion of the transaction, the insider now owns 31,190 shares in the company, valued at approximately $4,675,692.90. This represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,884 shares of company stock worth $4,404,435 in the last three months. 0.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EA has been the topic of several recent research reports. Raymond James upped their price objective on shares of Electronic Arts from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Robert W. Baird upped their target price on Electronic Arts from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 price target on shares of Electronic Arts in a report on Wednesday, September 18th. Finally, Benchmark restated a “buy” rating and issued a $163.00 price objective on shares of Electronic Arts in a research report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, 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.