EX-Dividend Schedule: Hasbro Has a Dividend Yield of 2.44%; Will Trade Ex-Dividend on January 31, 2018

LONDON, UK / ACCESSWIRE / January 30, 2018 / Active-Investors has a free review on Hasbro, Inc. (NASDAQ: HAS) following the Company’s announcement that it will begin trading ex-dividend on January 31, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on January 30, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on HAS:

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Dividend Declared

On December 07, 2017, Hasbro announced that its Board of Directors has declared a quarterly cash dividend of $0.57 per common share. The dividend will be payable on February 15, 2018, to shareholders of record at the close of business on February 01, 2018.

Hasbro’s indicated dividend represents a yield of 2.44%, which is substantially above the average dividend yield of 1.54% for the Consumer Goods sector. The Company has raised dividend for eight consecutive years.

Dividend Insight

Hasbro has a dividend payout ratio of 45.9%, which means that the Company spends approximately $0.46 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Hasbro is forecasted to report earnings of $5.23 for the next year, which is more than double the Company’s annualized dividend of $2.28 per share.

Hasbro had cash and cash equivalents worth $1.24 billion as of October 01, 2017, compared to cash and cash equivalents of $830.37 million as on September 25, 2016. For the nine months ended October 01, 2017, the Company’s net cash provided by operating activities came in at $201.80 million compared to $195.41 million for the year ago same period. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Upcoming Earnings Announcement

On January 24, 2018, Hasbro announced that it will webcast its fourth quarter and full year 2017 earnings conference call on February 07, 2018 at 8:30 a.m. ET, following the release of Hasbro’s financial results. Additionally, the Company will webcast its Annual Investor Update at New York Toy Fair 2018 on February 16, 2018 at 8:00 a.m. ET. The meeting will be hosted by Hasbro senior management including Brian Goldner, Chairman and Chief Executive Officer; Deborah Thomas, Chief Financial Officer; and John Frascotti, President.

About Hasbro, Inc.

Hasbro is a global play and entertainment company committed to Creating the World’s Best Play Experiences. From toys and games to television, movies, digital gaming, and consumer products, Hasbro offers a variety of ways for audiences to experience its iconic brands as well as premier partner brands. Hasbro was founded in 1923 and is headquartered in Pawtucket, Rhode Island.

Stock Performance Snapshot

January 29, 2018 – At Monday’s closing bell, Hasbro’s stock slightly rose 0.87%, ending the trading session at $94.20.

Volume traded for the day: 935.48 thousand shares.

Stock performance in the last month – up 2.76%; past twelve-month period – up 14.06%; and year-to-date – up 3.64%

After yesterday’s close, Hasbro’s market cap was at $12.00 billion.

Price to Earnings (P/E) ratio was at 20.09.

The stock has a dividend yield of 2.42%.

The stock is part of the Consumer Goods sector, categorized under the Toys & Games industry.

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