Monday, February 24, 2025
Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.
Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Special dividend. On Friday, February 21, the company announced that its board of directors approved a nonrecurring special cash dividend of $3.31 per share. The sizeable cash dividend, payable on March 11 to shareholders of record on March 3, represented a yield of roughly 20% at the time of announcement. Furthermore, the cash dividend totals roughly $60 million and will be funded entirely through the company’s healthy cash position.
Delivering value. In our view, the special cash dividend is illustrative of the Board of Directors’ confidence in the company’s long-term outlook, strong financial position, and commitment to deliver value to shareholders. Notably, we believe the company will be able to pay out the sizeable dividend without compromising its strategic growth initiatives in player retention and quality of gameplay.
Get the Full Report
Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.