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NTDOY Nintendo Co Ltd (PK)

12.25
0.36 (3.03%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Nintendo Co Ltd (PK) USOTC:NTDOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.36 3.03% 12.25 12.22 12.25 12.25 12.10 12.16 1,511,928 20:59:56

GameStop Raises Annual Dividend by 9%

04/03/2015 12:15am

Dow Jones News


Nintendo (PK) (USOTC:NTDOY)
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By Maria Armental 

GameStop Corp., which said in February it is taking over some RadioShack Corp. stores, is raising its annual dividend by 9%.

The Grapevine, Texas, videogame retailer will pay $1.44 a share, up from the current $1.32 a share. It will pay a quarterly dividend of 36 cents a share on March 24.

GameStop won bankruptcy court approval to reopen 163 RadioShack stores, boosting its Spring Mobile business, which is an exclusive AT&T dealer.

The company has largely benefited from strong demand for next-generation consoles from Microsoft Corp., Sony Corp. and Nintendo Co. Ltd. Still, in January, GameStop said sales at existing stores fell 3.1% and total sales 6.7%-- or 4% on a constant-currency basis--for the nine weeks ended Jan. 3.

Shares, up 4% over the past 12 months, edged up to $39 in recent after-hours trading.

Write to Maria Armental at maria.armental@wsj.com

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