Hasbro, Inc. (NASDAQ:HAS) Shareholders to Collect $0.70 Quarterly Dividend

Hasbro, Inc. (NASDAQ:HAS) announced a quarterly dividend on Tuesday, October 20th. Stockholders of record on Wednesday, November 18th will be paid a dividend of $0.70 per share on Wednesday, December 2nd. This represents a $2.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, November 18th.

Hasbro has a payout ratio of 60.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Hasbro to earn $6.49 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 43.1%.

Hasbro Price Performance

Shares of Hasbro stock traded up $11.03 during trading on Tuesday, hitting $109.52. The stock had a trading volume of 8,008,274 shares, compared to its average volume of 1,952,737. The business has a fifty day moving average of $92.42 and a two-hundred day moving average of $89.89. Hasbro has a fifty-two week low of $69.50 and a fifty-two week high of $109.81. The firm has a market cap of $15.45 billion, a P/E ratio of 19.70, a PEG ratio of 1.71 and a beta of 0.45. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46.

Hasbro (NASDAQ:HAS) last released its earnings results on Tuesday, October 20th. The company reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $1.04. Hasbro had a return on equity of 141.11% and a net margin of 15.97%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company earned $1.68 earnings per share. Hasbro’s revenue was up 15.0% compared to the same quarter last year. On average, sell-side analysts expect that Hasbro will post 6.14 earnings per share for the current fiscal year.

Hasbro Company Profile

Hasbro, Inc is a global branded entertainment company that develops and markets toys, games, entertainment experiences and consumer products. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Transformers, Nerf, My Little Pony, Dungeons & Dragons and Magic: The Gathering.

The company serves consumers through a range of channels, including retail, e-commerce, digital gaming, entertainment content and licensing. Hasbro also works with third-party partners to extend its brands into film and television, apparel, publishing and other consumer products.