Playtika Holding Corp. Plans Quarterly Dividend of $0.10 (NASDAQ:PLTK)

Key Points

• Playtika Holding Corp. has announced a quarterly dividend of $0.10 per share, with the payment scheduled for October 10th to investors of record by September 26th, reflecting an annualized yield of 10.5%.
• The company's earnings report indicated a miss with only $0.02 earnings per share compared to the expected $0.15, and a total revenue of $696 million, falling short of the $706 million consensus estimate.
• Playtika's stock price decreased by 3.8%, closing at $3.80, with a market capitalization of $1.43 billion, and significant fluctuations in the past year, evidenced by a 52-week low of $3.66 and a high of $8.80.

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) declared a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Shareholders of record on Friday, September 26th will be given a dividend of 0.10 per share on Friday, October 10th. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date of this dividend is Friday, September 26th.

Playtika has a dividend payout ratio of 63.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Playtika to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 56.3%.

Playtika Stock Down 0.4%

PLTK traded down $0.02 during trading on Wednesday, hitting $3.80. The company's stock had a trading volume of 284,431 shares, compared to its average volume of 1,688,934. Playtika has a one year low of $3.65 and a one year high of $8.80. The firm has a market cap of $1.43 billion, a PE ratio of 15.81, a P/E/G ratio of 1.27 and a beta of 0.85. The business's 50 day simple moving average is $4.63 and its 200-day simple moving average is $5.20.

Playtika (NASDAQ:PLTK - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.13). The firm had revenue of $696.00 million for the quarter, compared to the consensus estimate of $706.03 million. Playtika had a net margin of 3.23% and a negative return on equity of 83.90%. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 earnings per share. Equities research analysts expect that Playtika will post 0.65 EPS for the current fiscal year.

About Playtika

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.