Playtika Holding Corp. (PLTK) to Issue Quarterly Dividend of $0.10 on April 4th

Playtika Holding Corp. (NASDAQ:PLTK) declared a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Investors of record on Friday, March 21st will be paid a dividend of 0.10 per share on Friday, April 4th. This represents a $0.40 annualized dividend and a yield of 8.71%. The ex-dividend date of this dividend is Friday, March 21st.

Playtika has a dividend payout ratio of 62.5% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Playtika stock opened at $4.59 on Wednesday. The business has a 50 day simple moving average of $6.54 and a 200-day simple moving average of $7.34. Playtika has a 12 month low of $4.55 and a 12 month high of $9.16. The stock has a market capitalization of $1.72 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

Analysts Set New Price Targets

Several research firms have recently commented on PLTK. Wedbush restated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research note on Wednesday, February 26th. Robert W. Baird restated a “neutral” rating and issued a $6.00 price objective (down previously from $9.00) on shares of Playtika in a research report on Friday, February 28th. Baird R W cut Playtika from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 28th. Citigroup reduced their price target on Playtika from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, Macquarie decreased their price target on Playtika from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Playtika presently has a consensus rating of “Hold” and an average price target of $8.32.

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.