NEW YORK (TheStreet) -- GameStop (GME) - Get Report stock is rising 0.14% to $29.48 in after-hours trading on Tuesday after the company increased its dividend by 1 cent per share. 

GameStop's board approved hiking its quarterly dividend to 37 cents per share from 36 cents per share, boosting the annual dividend 3% to $1.48 per share from $1.44 per share. 

The quarterly dividend will be paid on March 22 to shareholders of record as of March 8. 

GameStop is a multichannel video game, consumer electronics and wireless services retailer based in Grapevine, TX.

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C+.

GameStop's strengths such as its growth in earnings per share, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures are countered by weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and unimpressive growth in net income.

You can view the full analysis from the report here: GME

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

Image placeholder title

GME

data by

YCharts