Activision Blizzard ($ATVI) Set to Distribute Increased Dividends on August 17, 2023
In recent financial news, the prominent video game holding company Activision Blizzard (ATVI) has announced its intention to pay dividends to its shareholders. The scheduled dividend payment date is August 17, 2023, with a substantial increase from previous amounts. The move represents a significant signal to investors regarding the firm's financial stability and profitability.
Activision Blizzard has declared a dividend of $0.99 per share, more than doubling the last dividend payment of $0.47 per share made on May 06, 2022. This increase shows a strong commitment to return capital to shareholders and may indicate the company's confidence in its future earnings and cash flow stability.
To fully understand the dynamics of dividend payouts, it's crucial to comprehend key dates such as the ex-dividend date and the record date. The record date, in this case, August 17, 2023, is the cutoff date established by the company to determine which shareholders are eligible to receive the dividend.
Before the record date, there's the ex-dividend date, which for ATVI is set for August 01, 2023. This date is usually a few business days before the record date. It's noteworthy that if a stock is bought on or after its ex-dividend date, the forthcoming dividend payment will not be received by the buyer. Instead, it's claimed by the seller. However, if the stocks are purchased before the ex-dividend date, the buyer becomes entitled to the dividends.
The importance of these dates can't be overstated as they directly influence investment decisions surrounding dividend-paying stocks. The significant dividend increase, coupled with the release of these key dates, allows investors to plan their purchases strategically to take advantage of the forthcoming dividend payout.
The significant increase in dividend payment may reflect a strong financial performance and optimism about Activision Blizzard's future profitability. Investors who buy the stock before the ex-dividend date will be able to participate in this return of capital.
Activision Blizzard's forthcoming dividend payment, set at $0.99 per share, showcases a potentially favorable scenario for both current shareholders and prospective investors. The crucial ex-dividend date of August 01, 2023, must be considered by those looking to secure this dividend payout. With the dividend more than doubled from its previous amount, ATVI seems to demonstrate a strong vote of confidence in its financial health and commitment to its investors.
Aroon Indicator for ATVI shows an upward move is likely
ATVI's Aroon Indicator triggered a bullish signal on September 28, 2023. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 265 similar instances where the Aroon Indicator showed a similar pattern. In of the 265 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 19, 2023. You may want to consider a long position or call options on ATVI as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for ATVI just turned positive on September 22, 2023. Looking at past instances where ATVI's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ATVI advanced for three days, in of 310 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for ATVI moved out of overbought territory on September 28, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator moved out of overbought territory. In of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ATVI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ATVI broke above its upper Bollinger Band on September 22, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ATVI’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock slightly better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.554) is normal, around the industry mean (19.852). P/E Ratio (34.364) is within average values for comparable stocks, (152.598). Projected Growth (PEG Ratio) (2.179) is also within normal values, averaging (2.633). Dividend Yield (0.010) settles around the average of (0.088) among similar stocks. P/S Ratio (8.547) is also within normal values, averaging (74.491).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a publisher of online, personal computer, console, handheld and mobile interactive entertainment products
Industry PackagedSoftware
ATVI and
Correlation & Price change
A.I.dvisor indicates that over the last year, ATVI has been loosely correlated with EA. These tickers have moved in lockstep 41% of the time. This A.I.-generated data suggests there is some statistical probability that if ATVI jumps, then EA could also see price increases.
| Ticker / NAME | Correlation To ATVI | 1D Price Change % | ||
|---|---|---|---|---|
| ATVI | 100% | -0.40% | ||
| EA - ATVI | 41% Loosely correlated | +1.03% | ||
| VMW - ATVI | 40% Loosely correlated | +1.18% | ||
| TTWO - ATVI | 39% Loosely correlated | +1.76% | ||
| DDOG - ATVI | 33% Poorly correlated | +1.29% | ||
| MANH - ATVI | 31% Poorly correlated | +1.07% | ||
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