Hasbro, Inc. (NASDAQ:HAS) to Issue Quarterly Dividend of $0.68

Hasbro, Inc. (NASDAQ:HAS) announced a quarterly dividend on Friday, July 31st, Wall Street Journal reports. Shareholders of record on Monday, November 2nd will be paid a dividend of 0.68 per share on Monday, November 16th. This represents a $2.72 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Friday, October 30th.

Hasbro has increased its dividend by an average of 34.2% per year over the last three years and has raised its dividend every year for the last 10 years. Hasbro has a payout ratio of 73.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hasbro to earn $4.20 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 64.8%.

Shares of HAS stock opened at $72.76 on Friday. Hasbro has a fifty-two week low of $41.33 and a fifty-two week high of $123.89. The company has a 50 day moving average price of $74.56 and a 200 day moving average price of $77.88. The stock has a market capitalization of $10.04 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 1.61 and a beta of 0.97. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.65 and a current ratio of 1.61.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.21). The company had revenue of $860.30 million for the quarter, compared to analysts’ expectations of $986.51 million. Hasbro had a return on equity of 18.71% and a net margin of 7.58%. The firm’s revenue was down 12.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 EPS. On average, research analysts forecast that Hasbro will post 3.33 EPS for the current fiscal year.

Several brokerages have recently weighed in on HAS. BidaskClub cut Hasbro from a “hold” rating to a “sell” rating in a research note on Tuesday, June 23rd. SunTrust Banks upped their price objective on shares of Hasbro from $52.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. MKM Partners cut their target price on Hasbro from $105.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Argus reduced their target price on Hasbro from $100.00 to $90.00 in a report on Wednesday, June 3rd. Finally, Barclays dropped their price target on Hasbro from $112.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, May 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $85.76.

About Hasbro

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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Dividend History for Hasbro (NASDAQ:HAS)

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