GDEV Inc. (Nasdaq: GDEV), a gaming and entertainment holding company with a diverse portfolio of studios focused on developing live-service games across multiple platforms and genres, has announced a one-time special cash dividend of $3.31 per share. Its franchises include Hero Wars, Island Hoppers, Pixel Gun 3D, and others, which have accumulated over $2.5 billion in bookings worldwide.
This news has sent the stock price surging 65.43% today.
According to Finviz data, GDEV’s market capitalization now stands at approximately $413.39 million. The company’s forward P/E ratio is 14.54, and its EPS (ttm) is 2.14.
The special dividend will be funded from the company’s accumulated profits over the past few years and represents a portion of its total cash balance of around $153 million as of Q3 2024.
GDEV says this move reflects GDEV’s commitment to disciplined capital allocation and long-term value creation, but it does not establish a recurring dividend program. The special dividend will be payable on March 11, 2025, to shareholders of record as of the close of business on March 3, 2025.
It’s worth noting that GDEV has seen significant growth in its revenue and net income over the past few years, with a gross margin of 65.79% and an operating margin of 8.77%. However, it also experienced a decline in sales last quarter, which may be a concern for some investors.
As always, I want to emphasize that this article is not investment advice – it’s just my analysis based on publicly available data. If you’re interested in learning more about GDEV or any other stock, be sure to do your own research before making an informed decision.
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