Hasbro, Inc. (NASDAQ:HAS) announced a quarterly dividend on Monday, February 11th, Wall Street Journal reports. Stockholders of record on Wednesday, May 1st will be paid a dividend of 0.68 per share on Wednesday, May 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Tuesday, April 30th. This is an increase from Hasbro’s previous quarterly dividend of $0.63.
Hasbro has raised its dividend payment by an average of 10.8% per year over the last three years and has raised its dividend annually for the last 9 consecutive years. Hasbro has a payout ratio of 53.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hasbro to earn $5.41 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 46.6%.
Shares of Hasbro stock traded down $0.51 on Monday, reaching $88.88. 1,689,461 shares of the company were exchanged, compared to its average volume of 1,233,272. The firm has a market capitalization of $11.31 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 1.49 and a beta of 0.99. The company has a quick ratio of 2.07, a current ratio of 2.42 and a debt-to-equity ratio of 0.97. Hasbro has a fifty-two week low of $76.84 and a fifty-two week high of $109.60.
HAS has been the topic of several recent analyst reports. MKM Partners dropped their price target on Hasbro to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, October 23rd. Barclays dropped their target price on Hasbro from $117.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 23rd. BidaskClub raised Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. KeyCorp upped their target price on Hasbro from $118.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, October 15th. Finally, SunTrust Banks dropped their target price on Hasbro to $96.00 and set a “hold” rating on the stock in a research report on Tuesday, October 23rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $96.75.
In other Hasbro news, Director Alan G. Hassenfeld sold 5,350 shares of the stock in a transaction on Monday, November 19th. The stock was sold at an average price of $97.41, for a total value of $521,143.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alan G. Hassenfeld sold 302,220 shares of the stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $97.54, for a total value of $29,478,538.80. Following the completion of the transaction, the director now owns 30,945 shares in the company, valued at $3,018,375.30. The disclosure for this sale can be found here. Insiders have sold a total of 707,570 shares of company stock valued at $68,963,682 over the last ninety days. Insiders own 9.90% of the company’s stock.
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Hasbro Company Profile
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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