JAKKS Pacific, Inc. (NASDAQ:JAKK) Stock to Pay Quarterly Dividend of $0.25

JAKKS Pacific, Inc. (NASDAQ:JAKK) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Friday, November 27th will be given a dividend of $0.25 per share on Monday, December 28th. This represents a $1.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, November 27th.

JAKKS Pacific has a payout ratio of 30.3% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of JAKK opened at $30.16 on Friday. The stock has a market capitalization of $345.02 million, a PE ratio of 21.70 and a beta of 1.32. The business’s fifty day moving average price is $25.88 and its 200 day moving average price is $24.00. JAKKS Pacific has a 12-month low of $14.86 and a 12-month high of $32.16.

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

Hedge Funds Weigh In On JAKKS Pacific

Several large investors have recently made changes to their positions in JAKK. Dimensional Fund Advisors LP raised its holdings in JAKKS Pacific by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 569,538 shares of the company’s stock worth $11,344,000 after buying an additional 5,153 shares during the period. Donald Smith & CO. Inc. acquired a new position in JAKKS Pacific during the second quarter valued at $4,784,000. Gabelli Funds LLC lifted 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 worth $3,755,000 after acquiring an additional 59,473 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in JAKKS Pacific by 79.0% during the 1st 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 period. Finally, Empowered Funds LLC boosted its position in 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 acquiring an additional 5,577 shares during the period. Institutional investors own 44.38% of the company’s stock.

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.