Hasbro, Inc. (NASDAQ:HAS) Plans Quarterly Dividend of $0.70

Hasbro, Inc. (NASDAQ:HAS) declared a quarterly dividend on Tuesday, July 21st. Investors of record on Wednesday, August 19th will be paid a dividend of 0.70 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, August 19th.

Hasbro has increased its dividend by an average of 0.0%annually over the last three years. Hasbro has a dividend payout ratio of 60.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Hasbro to earn $6.43 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 43.5%.

Hasbro Trading Up 8.8%

HAS stock traded up $7.19 during midday trading on Tuesday, hitting $88.78. The stock had a trading volume of 7,950,710 shares, compared to its average volume of 2,005,627. The firm has a market cap of $12.56 billion, a PE ratio of -53.48, a price-to-earnings-growth ratio of 2.02 and a beta of 0.49. 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 12-month low of $69.50 and a 12-month high of $106.98. The company’s 50-day moving average price is $84.73 and its 200 day moving average price is $90.24.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.11. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm posted $1.30 EPS. Hasbro’s revenue was up 16.2% on a year-over-year basis. On average, equities research analysts predict that Hasbro will post 6.04 earnings per share for the current fiscal year.

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.