GameStop (GME) Declares $0.38 Quarterly Dividend; $350M Buyback

GameStop (NYSE: GME) declared a quarterly dividend of $0.38 per share, or $1.52 annualized. The dividend will be payable on March 29, 2019, to stockholders of record on March 15, 2019, with an ex-dividend date of March 14, 2019. The annual yield on the dividend is 13.1 percent.

The company also announced that its Board of Directors has declared a quarterly cash dividend, announced its intention to retire the company’s $350 million 2019 notes and approved a new share repurchase authorization.

Dan DeMatteo, GameStop’s executive chairman, said, “We are pleased to announce continuing progress on our strategic and financial review process. We believe these actions better optimize our capital structure and demonstrate our continued commitment to delivering value to our shareholders.”

For a dividend history and other dividend-related data on GameStop (GME) click here.

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