GameStop Corp. Announces Quarterly Dividend of $0.33 (GME)
GameStop Corp. (NYSE:GME) declared a quarterly dividend on Thursday, August 21st, AnalystRatingsNetwork reports. Shareholders of record on Wednesday, September 3rd will be given a dividend of 0.33 per share on Tuesday, September 16th. This represents a $1.32 dividend on an annualized basis and a yield of 3.26%.
A number of analysts have recently weighed in on GME shares. Analysts at Benchmark Co. cut their price target on shares of GameStop Corp. from $34.71 to $33.00 in a research note on Monday. On a related note, analysts at Wedbush reiterated a “buy” rating on shares of GameStop Corp. in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. GameStop Corp. currently has an average rating of “Buy” and an average price target of $50.92.
GameStop Corp. (NYSE:GME) traded down 2.03% on Thursday, hitting $40.49. The stock had a trading volume of 4,559,478 shares. GameStop Corp. has a one year low of $33.10 and a one year high of $57.74. The stock’s 50-day moving average is $42.07 and its 200-day moving average is $39.36. The company has a market cap of $4.610 billion and a P/E ratio of 13.22.
GameStop Corp. (NYSE:GME) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.64 billion. Analysts expect that GameStop Corp. will post $3.67 EPS for the current fiscal year.
GameStop Corp. (NYSE:GME) is a holding company.
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