Raises annual cash payout by 10%
GRAPEVINE, Texas--(BUSINESS WIRE)--GameStop Corp. (NYSE: GME), the world’s largest multichannel video game retailer, today announced its board of directors approved a 10% increase of its regular annual dividend to $1.10 per share. The company also announced the declaration of its regular quarterly dividend of $0.275 per share payable on March 19, 2013 to all shareholders of record as of March 5, 2013.
Since initiating a disciplined capital allocation plan in Jan. 2010, GameStop’s stock and debt buybacks have totaled more than $1.5 billion dollars and the company operates debt free.
About GameStop Corp.
GameStop Corp. (GME), a Fortune 500 and S&P 500 company headquartered in Grapevine, Texas, is the world's largest multichannel video game retailer. GameStop's retail network and family of brands include 6,650 company-operated stores in 15 countries worldwide and online at www.GameStop.com. The network also includes: www.Kongregate.com, a leading browser-based game site; Game Informer(R) magazine, the leading multi-platform video game publication; Spawn Labs, a streaming technology company; and a digital PC game distribution platform available at http://www.GameStop.com/PC.
General information on GameStop Corp. can be obtained at the company's corporate website. Follow GameStop on Twitter @ www.twitter.com/GameStop and find GameStop on Facebook @ www.facebook.com/GameStop.