Hasbro, Inc. (NASDAQ:HAS) announced a quarterly dividend on Wednesday, May 15th, RTT News reports. Investors of record on Thursday, August 1st will be paid a dividend of 0.68 per share on Thursday, August 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.78%.

Hasbro has raised its dividend by an average of 10.8% annually over the last three years and has raised its dividend every year for the last 9 years. Hasbro has a dividend payout ratio of 57.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hasbro to earn $5.11 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 53.2%.

Shares of Hasbro stock traded up $1.17 during mid-day trading on Thursday, reaching $97.94. 316,422 shares of the stock were exchanged, compared to its average volume of 1,278,111. The stock has a market capitalization of $12.08 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 1.99 and a beta of 0.98. The company has a quick ratio of 2.26, a current ratio of 2.77 and a debt-to-equity ratio of 1.02. Hasbro has a fifty-two week low of $76.84 and a fifty-two week high of $109.60.

Hasbro (NASDAQ:HAS) last announced its earnings results on Tuesday, April 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.29. The business had revenue of $732.51 million during the quarter, compared to analysts’ expectations of $665.96 million. Hasbro had a net margin of 7.83% and a return on equity of 28.50%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.10 EPS. On average, equities analysts anticipate that Hasbro will post 4.52 earnings per share for the current year.

HAS has been the subject of several research reports. BidaskClub cut shares of Hasbro from a “sell” rating to a “strong sell” rating in a research report on Friday, March 15th. ValuEngine cut shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. MKM Partners lowered their price objective on shares of Hasbro to $102.00 and set a “buy” rating for the company in a research report on Friday, January 18th. KeyCorp set a $110.00 price objective on shares of Hasbro and gave the company a “buy” rating in a research report on Wednesday, February 20th. Finally, BMO Capital Markets lowered their price objective on shares of Hasbro from $76.00 to $75.00 and set an “underperform” rating for the company in a research report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $106.07.

In other news, CEO Brian Goldner sold 317,306 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $102.55, for a total value of $32,539,730.30. Following the transaction, the chief executive officer now owns 375,111 shares of the company’s stock, valued at approximately $38,467,633.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas J. Jr. Courtney sold 4,063 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $102.13, for a total transaction of $414,954.19. Following the completion of the transaction, the executive vice president now directly owns 28,545 shares in the company, valued at approximately $2,915,300.85. The disclosure for this sale can be found here. Insiders sold a total of 346,056 shares of company stock worth $35,488,019 in the last ninety days. Insiders own 9.30% of the company’s stock.

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About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Dividend History for Hasbro (NASDAQ:HAS)

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