2024-02-04 09:00:00 ET
Summary
- Electronic Arts has been focusing on growing their mobile gaming portfolio to keep up with peers like Microsoft.
- Although the company only raised the dividend $0.02 in the last few years, they have ample room to continue growing the dividend.
- Despite the recent acquisitions, the balance sheet remains strong.
- If you're a long-term dividend investor, Electronic Arts may be an attractive stock for your portfolio.
- If the economy falls into a recession the gaming industry could see a slowdown in sales, likely placing downward pressure on the company's financials going forward.
Introduction
If you were or are an avid player of video games now or back in the day, then you're probably somewhat familiar with the company Electronic Arts ( EA ). I remember their logo flashing across the television screen when I was a younger kid playing videos games....
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Electronic Arts: Strong Cash Flows And Buybacks Make This Dividend Stock A Buy