JAKKS Pacific, Inc. (NASDAQ:JAKK) Declares Quarterly Dividend of $0.25

JAKKS Pacific, Inc. (NASDAQ:JAKK) announced a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 27th will be paid a dividend of $0.25 per share on Monday, December 28th. This represents a $1.00 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, November 27th.

JAKKS Pacific has a payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect JAKKS Pacific to earn $1.98 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 50.5%.

JAKKS Pacific Stock Performance

Shares of JAKK stock opened at $29.54 on Friday. JAKKS Pacific has a fifty-two week low of $14.86 and a fifty-two week high of $29.55. The firm has a market capitalization of $337.94 million, a price-to-earnings ratio of 30.81 and a beta of 1.32. The stock’s 50-day simple moving average is $25.88 and its 200-day simple moving average is $24.00.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.34. The firm had revenue of $254.22 million for the quarter, compared to the consensus estimate of $226.58 million. JAKKS Pacific had a net margin of 2.77% and a return on equity of 4.33%. As a group, equities analysts forecast that JAKKS Pacific will post 1.38 earnings per share for the current year.

Institutional Trading of JAKKS Pacific

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in shares of JAKKS Pacific by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 569,538 shares of the company’s stock valued at $11,344,000 after purchasing an additional 5,153 shares during the period. Donald Smith & CO. Inc. purchased a new stake in JAKKS Pacific during the 2nd quarter worth approximately $4,784,000. Gabelli Funds LLC raised its stake in JAKKS Pacific by 46.1% in the 1st quarter. Gabelli Funds LLC now owns 188,492 shares of the company’s stock valued at $3,755,000 after purchasing an additional 59,473 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in JAKKS Pacific by 79.0% during the first quarter. Gamco Investors INC. ET AL now owns 104,983 shares of the company’s stock worth $2,091,000 after acquiring an additional 46,322 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of JAKKS Pacific by 9.5% during the 1st quarter. Empowered Funds LLC now owns 64,318 shares of the company’s stock worth $1,281,000 after purchasing an additional 5,577 shares during the last quarter. 44.38% of the stock is owned by institutional investors and hedge funds.

About JAKKS Pacific

JAKKS Pacific, Inc is a toy and consumer products company that develops, manufactures and markets toys, games and related products for children and families. Its portfolio includes action figures, dolls, vehicles, playsets, role-play and dress-up products, plush toys, preschool items, games, and seasonal and outdoor products.

The company sells products under its own brands and through licensing and entertainment partnerships. Its offerings have included products based on well-known movie, television, video game and character properties, as well as proprietary brands such as Maui and Airwalk.