Activision Blizzard, Inc. (ATVI) Raises Dividend to $0.34 Per Share

Activision Blizzard, Inc. (NASDAQ:ATVI) declared a quarterly dividend on Thursday, February 8th, RTT News reports. Shareholders of record on Friday, March 30th will be paid a dividend of 0.34 per share on Wednesday, May 9th. This represents a $1.36 annualized dividend and a yield of 2.03%. The ex-dividend date is Wednesday, March 28th. This is a boost from Activision Blizzard’s previous quarterly dividend of $0.30.

Shares of Activision Blizzard (NASDAQ ATVI) traded up $1.25 during mid-day trading on Friday, reaching $67.08. The company’s stock had a trading volume of 18,580,000 shares, compared to its average volume of 6,080,000. Activision Blizzard has a one year low of $38.93 and a one year high of $74.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25. The firm has a market capitalization of $51,680.00, a P/E ratio of 191.66, a PEG ratio of 1.81 and a beta of 1.11.

Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.92 by $0.02. Activision Blizzard had a return on equity of 17.37% and a net margin of 3.89%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. sell-side analysts expect that Activision Blizzard will post 2.48 earnings per share for the current fiscal year.

Several equities analysts have commented on ATVI shares. UBS Group increased their price target on Activision Blizzard from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 3rd. KeyCorp restated a “buy” rating and issued a $74.00 price objective on shares of Activision Blizzard in a research note on Tuesday, October 17th. Jefferies Group raised their price objective on shares of Activision Blizzard from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. SunTrust Banks set a $72.00 price objective on shares of Activision Blizzard and gave the stock a “buy” rating in a research note on Sunday, October 29th. Finally, Wedbush set a $75.00 price objective on shares of Activision Blizzard and gave the stock a “buy” rating in a research note on Thursday, October 26th. Six equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Activision Blizzard presently has a consensus rating of “Buy” and an average target price of $71.75.

In related news, CEO of King Digital Entertainment Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $63.64, for a total value of $1,257,590.04. Following the completion of the transaction, the insider now directly owns 41,435 shares of the company’s stock, valued at $2,636,923.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.12% of the stock is owned by company insiders.

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Activision Blizzard Company Profile

Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.

Dividend History for Activision Blizzard (NASDAQ:ATVI)

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