EX-Dividend Schedule: GameStop Has a Dividend Yield of 10.41%; Will Trade Ex-Dividend on June 11, 2018

LONDON, UK / ACCESSWIRE / June 08, 2018 / Active-Investors has a free review on GameStop Corp. (NYSE: GME) following the Company’s announcement that it will begin trading ex-dividend on June 11, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend) that is by latest at the end of the trading session on June 08, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on GME:

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Dividend Declared

On May 31, 2018, GameStop announced that its Board of Directors declared a quarterly cash dividend of $0.38 per common share that is payable on June 26, 2018, to shareholders of record at the close of business on June 12, 2018.

GameStop’s indicated dividend represents a yield of 10.41%, which is more than five times higher than the average dividend yield of 1.95% for the Services sector. The Company has raised dividend for six consecutive years.

Dividend Insights

GameStop has a dividend payout ratio of 49.5%, which indicates that the Company spends approximately $0.50 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, GameStop is forecasted to report earnings of $2.88 per share for the next year, which is substantially higher than the Company’s annualized dividend payout of $1.52 per share.

As of May 05, 2018, GameStop’s cash and cash equivalents totaled $247.2 million compared to $311.9 million as on April 29, 2017. As of May 05, 2018, the Company’s total current assets were $1.85 billion, while current liabilities were $1.21 billion. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Earnings Update

On May 31, 2018, GameStop announced results for the first quarter fiscal 2018. The Company’s total global sales decreased 5.5% to $1.93 billion in Q1 2018, resulting in a consolidated comparable store sales decrease of 5.3%.

GameStop’s Q1 FY18 GAAP net income was $28.2 million, or $0.28 per diluted share, compared to net income of $59.0 million, or $0.58 per diluted share, in Q1 FY17. The Company’s reported quarter results include store closure charges and other charges related to management changes of $12.6 million.

About the Company

GameStop, a Fortune 500 company headquartered in Grapevine, Texas, is a global, multichannel video game, consumer electronics and wireless services retailer.

GameStop operates over 7,200 stores across 14 countries.

Stock Performance Snapshot

June 07, 2018 – At Thursday’s closing bell, GameStop’s stock was slightly up 0.49%, ending the trading session at $14.49.

Volume traded for the day: 3.21 million shares.

Stock performance in the last month – up 13.29%

After yesterday’s close, GameStop’s market cap was at $1.47 billion.

Price to Earnings (P/E) ratio was at 32.20.

The stock has a dividend yield of 10.49%.

The stock is part of the Services sector, categorized under the Electronics Stores industry.

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