Hasbro Declared Quarterly Dividend of $0.51 Per Share



Price movement of Hasbro

Hasbro (HAS) fell by 0.85% to close at $84.39 per share at the end of the third week of May 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -0.85%, -2.2%, and 26.8%, respectively. This means that HAS is trading 1.2% below its 20-day moving average, 3.0% above its 50-day moving average, and 12.1% above its 200-day moving average.

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Related ETF and peers

The WisdomTree MidCap Dividend ETF (DON) invests 0.65% of its holdings in Hasbro. The ETF tracks a dividend-weighted index of mid-cap stocks. The YTD price movement of DON was 7.4% as of May 20, 2016.

The market caps of Hasbro’s competitors are as follows:

  • Walt Disney Company (DIS): $163.8 billion
  • Viacom (VIAB): $15.8 billion
  • Mattel (MAT): $10.5 billion

Hasbro declared dividend

Hasbro has declared a quarterly cash dividend of $0.51 per share on its common stock. The dividend will be paid on August 15, 2016, to shareholders of record at the close of business on August 1, 2016.

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Performance of Hasbro in fiscal 1Q16

Hasbro reported fiscal 1Q16 net revenues of $831.2 million, a rise of 16.5% compared to net revenues of $713.5 million in fiscal 1Q15. Net revenues from boys, girls, and preschool product categories rose by 23.6%, 41.2%, and 11.0%, respectively. Net revenues from the games category fell by 1.9% in fiscal 1Q16 compared to the prior year’s period. The company’s cost of sales as a percentage of net revenues and operating profit rose by 0.58% and 58.5%, respectively, in fiscal 1Q16, compared to fiscal 1Q15.

The company’s net income and EPS (earnings per share) rose to $48.8 million and $0.38, respectively, in fiscal 1Q16, compared to $26.7 million and $0.21, respectively, in fiscal 1Q15.

Hasbro’s cash and cash equivalents and inventories rose by 1.3% and 35.5%, respectively, in fiscal 1Q16 compared to fiscal 1Q15. Its current ratio rose to 3.3x, and its debt-to-equity ratio fell to 1.7x in fiscal 1Q16 compared to a current ratio and debt-to-equity ratio of 2.9x and 1.9x, respectively, in fiscal 1Q15.

During fiscal 1Q16, Hasbro paid $57.4 million as cash dividends to its shareholders. It also repurchased 475,000 shares of common stock at a total cost of $35.8 million and an average price of $75.41 per share.

Now let’s take a look at TreeHouse Foods.


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