Hasbro, Inc. (HAS) To Go Ex-Dividend on June 1st

Hasbro, Inc. (NASDAQ:HAS) declared a quarterly dividend on Tuesday, May 12th. Investors of record on Monday, June 1st will be given a dividend of 0.70 per share on Thursday, June 11th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 1st.

Hasbro has raised its dividend payment by an average of 0.0%per year over the last three years. Hasbro has a payout ratio of 60.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hasbro to earn $6.42 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 43.6%.

Hasbro Trading Down 0.2%

NASDAQ:HAS opened at $86.17 on Friday. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49. Hasbro has a fifty-two week low of $64.85 and a fifty-two week high of $106.98. The stock’s 50-day moving average is $92.52 and its two-hundred day moving average is $89.78. The stock has a market cap of $12.19 billion, a PE ratio of -51.91, a price-to-earnings-growth ratio of 2.13 and a beta of 0.52.

Hasbro (NASDAQ:HAS) last released its earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.27. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $969.20 million. During the same quarter in the previous year, the business posted $1.04 EPS. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, equities research analysts forecast that Hasbro will post 5.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Hasbro during the 4th quarter valued at about $27,000. CYBER HORNET ETFs LLC acquired a new position in shares of Hasbro during the 2nd quarter valued at about $25,000. MUFG Securities EMEA plc acquired a new position in shares of Hasbro during the 2nd quarter valued at about $28,000. Cedar Mountain Advisors LLC acquired a new position in shares of Hasbro during the 1st quarter valued at about $37,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of Hasbro during the 1st quarter valued at about $39,000. 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.