Activision Blizzard Inc. (ATVI) Declares Annual Dividend of $0.20
Activision Blizzard (NASDAQ:ATVI) announced a annual dividend on Friday, February 7th, AnalystRatingsNetwork.com reports. Investors of record on Wednesday, March 19th will be paid a dividend of 0.20 per share on Wednesday, May 14th. This represents a dividend yield of 1.02%. The ex-dividend date is Monday, March 17th. This is an increase from Activision Blizzard’s previous annual dividend of $0.19.
ATVI has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Activision Blizzard from $23.00 to $25.00 in a research note to investors on Friday. On a related note, analysts at Brean Capital raised their price target on shares of Activision Blizzard from $20.00 to $22.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at CRT Capital initiated coverage on shares of Activision Blizzard in a research note to investors on Friday, January 17th. They set a “buy” rating and a $23.00 price target on the stock. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.53.
Activision Blizzard (NASDAQ:ATVI) traded up 14.39% on Friday, hitting $19.64. The stock had a trading volume of 29,881,496 shares. Activision Blizzard has a 52 week low of $12.90 and a 52 week high of $18.55. The stock has a 50-day moving average of $17.50 and a 200-day moving average of $17.15. The company has a market cap of $13.658 billion and a P/E ratio of 16.51. Activision Blizzard also saw a large decrease in short interest in January. As of January 15th, there was short interest totalling 12,564,332 shares, a decrease of 11.9% from the December 31st total of 14,053,944 shares. Based on an average trading volume of 6,027,172 shares, the short-interest ratio is presently 2.1 days. Approximately 2.9% of the shares of the stock are short sold.
Activision Blizzard (NASDAQ:ATVI) last released its earnings data on Thursday, February 6th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.06. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was down 12.4% on a year-over-year basis. On average, analysts predict that Activision Blizzard will post $1.27 earnings per share for the current fiscal year.
Activision, Inc (NASDAQ:ATVI) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.
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