Electronic Arts Just Became the Video Game Industry's Newest Dividend Stock
Electronic Arts (NASDAQ: EA) published second-quarter results after the market closed on Thursday, and it paired the release with news that it will begin paying a quarterly dividend. The company will start its distribution at $0.17 per share, working out to a yield of roughly 0.6% based on the stock's current price.
While news of fresh dividend payments might normally be welcomed by investors, the announcement arrived in conjunction with second-quarter results and guidance for the third quarter and full year that fell short of the market's expectations. EA stock saw significant sell-offs in Thursday's after-hours trading and opened up Friday's trading session down about 7%.
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Source Fool.com
