Hasbro, Inc. (HAS) to Issue Quarterly Dividend of $0.70 on September 2nd

Hasbro, Inc. (NASDAQ:HAS) announced a quarterly dividend on Tuesday, July 21st. Stockholders of record on Wednesday, August 19th will be paid a dividend of 0.70 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Wednesday, August 19th.

Hasbro has increased its dividend by an average of 0.0%per year over the last three years. Hasbro has a dividend payout ratio of 60.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hasbro to earn $6.43 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 43.5%.

Hasbro Stock Performance

Shares of HAS opened at $89.04 on Thursday. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.19 and a beta of 0.49. The business’s 50 day moving average is $84.51 and its two-hundred day moving average is $90.34. The company has a quick ratio of 1.49, a current ratio of 1.66 and a debt-to-equity ratio of 4.16. Hasbro has a 52-week low of $69.50 and a 52-week high of $106.98.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business earned $1.30 EPS. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. Analysts forecast that Hasbro will post 6.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. CYBER HORNET ETFs LLC bought a new position in shares of Hasbro in the 2nd quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Hasbro during the 4th quarter worth about $27,000. MUFG Securities EMEA plc acquired a new position in Hasbro in the 2nd quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Hasbro by 1,190.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock valued at $32,000 after purchasing an additional 357 shares in the last quarter. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of Hasbro in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.