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

Electronic Arts Inc. (NASDAQ:EA) declared a quarterly dividend on Tuesday, May 5th. Stockholders 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 dividend yield of 0.4%. The ex-dividend date is Wednesday, May 27th.

Electronic Arts has a 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 Stock Down 0.1%

Shares of NASDAQ EA opened at $201.57 on Wednesday. The firm has a market capitalization of $50.44 billion, a PE ratio of 75.78, a price-to-earnings-growth ratio of 2.17 and a beta of 0.66. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. Electronic Arts has a 1 year low of $141.19 and a 1 year high of $204.88. The firm’s 50-day moving average is $201.86 and its 200-day moving average is $202.20.

Insider Activity

In related news, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total transaction of $299,850.00. Following the transaction, the chief financial officer owned 5,897 shares of the company’s stock, valued at $1,178,810.30. This trade represents a 20.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $203.25, for a total transaction of $243,900.00. Following the transaction, the insider directly owned 28,760 shares in the company, valued at $5,845,470. The trade was a 4.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 27,600 shares of company stock worth $5,544,159 over the last quarter. 0.24% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ascentis Independent Advisors bought a new position in Electronic Arts during the first quarter worth about $27,000. MV Capital Management Inc. bought a new position in Electronic Arts in the fourth quarter valued at approximately $28,000. Ameriflex Group Inc. lifted its stake in Electronic Arts by 100.0% in the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after buying an additional 69 shares in the last quarter. Oakworth Capital Inc. bought a new position in Electronic Arts in the third quarter valued at approximately $30,000. Finally, Asset Planning Inc bought a new position in Electronic Arts in the first quarter valued at approximately $32,000. 90.23% of the stock is currently owned by institutional investors.

About Electronic Arts

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.