GameStop Corp. (NYSE:GME) announced a quarterly dividend on Thursday, September 6th, RTT News reports. Shareholders of record on Tuesday, September 18th will be paid a dividend of 0.38 per share on Tuesday, October 2nd. This represents a $1.52 annualized dividend and a yield of 9.41%. The ex-dividend date is Monday, September 17th.

GameStop has increased its dividend by an average of 4.8% per year over the last three years and has raised its dividend every year for the last 6 years. GameStop has a payout ratio of 49.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect GameStop to earn $2.71 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 56.1%.

Shares of GameStop stock opened at $16.16 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 0.48 and a debt-to-equity ratio of 0.39. GameStop has a 52 week low of $12.20 and a 52 week high of $20.97. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 4.84 and a beta of 1.31.

GameStop (NYSE:GME) last issued its quarterly earnings results on Thursday, September 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.61 billion. GameStop had a positive return on equity of 13.78% and a negative net margin of 0.48%. GameStop’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 earnings per share. analysts predict that GameStop will post 3.09 earnings per share for the current year.

GME has been the topic of a number of analyst reports. Zacks Investment Research raised GameStop from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Credit Suisse Group set a $15.00 price target on GameStop and gave the stock a “hold” rating in a research note on Tuesday, May 22nd. Wedbush set a $19.00 price target on GameStop and gave the stock a “buy” rating in a research note on Friday, September 7th. Benchmark dropped their price target on GameStop from $12.00 to $10.00 and set a “sell” rating on the stock in a research note on Friday, June 1st. Finally, Jefferies Financial Group set a $18.00 price target on GameStop and gave the stock a “buy” rating in a research note on Wednesday, September 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.42.

About GameStop

GameStop Corp. operates as a multichannel video game, consumer electronics, and wireless services retailer. It operates in five segments: United States, Canada, Australia, Europe, and Technology Brands. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software.

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Dividend History for GameStop (NYSE:GME)

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