Electronic Arts said on November 1, 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 November 28, 2023 to qualify for the dividend. Shareholders of record as of November 29, 2023 will receive the payment on December 20, 2023.
At the current share price of $129.59 / share, the stock's dividend yield is 0.59%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.64%, the lowest has been 0.46%, and the highest has been 1.02%. The standard deviation of yields is 0.13 (n=236).
The current dividend yield is 0.42 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.
- Read the Ultimate Guide to Dividend Harvesting.
The company's 3-Year dividend growth rate is -0.20%.
What is the Fund Sentiment?
There are 1917 funds or institutions reporting positions in Electronic Arts. This is a decrease of 37 owner(s) or 1.89% in the last quarter. Average portfolio weight of all funds dedicated to EA is 0.32%, a decrease of 7.70%. Total shares owned by institutions decreased in the last three months by 1.95% to 279,211K shares. 
The put/call ratio of EA is 1.05, indicating a bearish outlook.
Analyst Price Forecast Suggests 13.22% Upside
As of October 31, 2023, the average one-year price target for Electronic Arts is 146.72. The forecasts range from a low of 128.27 to a high of $168.00. The average price target represents an increase of 13.22% from its latest reported closing price of 129.59.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Electronic Arts is 8,505MM, an increase of 12.01%. The projected annual non-GAAP EPS is 8.09.
What are Other Shareholders Doing?
Public Investment Fund holds 24,808K shares representing 9.16% ownership of the company. No change in the last quarter.
Wellington Management Group Llp holds 9,010K shares representing 3.33% ownership of the company. In it's prior filing, the firm reported owning 9,175K shares, representing a decrease of 1.83%. The firm increased its portfolio allocation in EA by 0.91% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,500K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 8,489K shares, representing an increase of 0.13%. The firm decreased its portfolio allocation in EA by 0.53% over the last quarter.
Massachusetts Financial Services holds 8,395K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 10,016K shares, representing a decrease of 19.31%. The firm decreased its portfolio allocation in EA by 13.08% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,203K shares representing 2.29% ownership of the company. In it's prior filing, the firm reported owning 6,079K shares, representing an increase of 2.00%. The firm decreased its portfolio allocation in EA by 0.49% 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 SPORTS™ FIFA, Battlefield™, Apex Legends™, The Sims™, Madden NFL, Need for Speed™, Titanfall™ and Plants vs. Zombies™.
Additional reading:
- Electronic Arts Reports Strong Q2 FY24 Results Company exceeds expectations on the strength of EA SPORTS portfolio; Successfully launches EA SPORTS FC 24
- Electronic Arts Reports Strong Q1 FY24 Results Record Q1 Net Bookings, up 21% year-over-year, driven by EA SPORTS FIFA Momentum and Star Wars Jedi: Survivor
- Offer letter for Employment at Electronic Arts Inc. to Stuart Canfield, dated June 19, 2023*
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