Hasbro Announces Quarterly Cash Dividend on Common Shares

Rhea-AI Summary

Hasbro, Inc. (NASDAQ: HAS) declares a quarterly cash dividend of $0.70 per common share

Insights

Financial Analyst

The declaration of a quarterly cash dividend by Hasbro, Inc. (NASDAQ: HAS) is a significant financial event for shareholders and potential investors. A dividend of $0.70 per common share is indicative of the company's current profitability and its ability to generate cash flow. It is also a signal that the company's management believes in its financial stability and is committed to returning value to its shareholders.

From an investor's perspective, the dividend yield, which is the dividend per share divided by the price per share, is an important metric to assess the return on investment, especially in comparison to other companies in the same industry or the broader market. However, investors should also consider the payout ratio, which is the proportion of earnings paid out as dividends, to evaluate whether the dividend payments are sustainable in the long term.

It's also worth noting that the timing of the dividend, with the record date being February 15, 2024, allows investors to understand the eligibility criteria for receiving the dividend. This can influence trading behavior around the ex-dividend date, as investors may buy shares to qualify for the dividend payment, potentially affecting the stock's price.

While this news is positive for current shareholders, potential investors should conduct a thorough analysis of Hasbro's overall financial health, including revenue growth, debt levels, and future earnings projections. Comparing these dividends to industry averages and historical payments can provide additional context. If the dividends are consistent or growing, this could reflect a stable and potentially growing company, which can be attractive to long-term investors. However, if the dividend is disproportionately high compared to earnings or industry standards, it could raise concerns about sustainability.

PAWTUCKET, R.I.--(BUSINESS WIRE)-- Hasbro, Inc. (NASDAQ: HAS) today announced that its Board of Directors has declared a quarterly cash dividend of $0.70 per common share. The dividend will be payable on February 1, 2024 to shareholders of record at the close of business on February 15, 2024.

About Hasbro

Hasbro is a leading toy and game company whose mission is to entertain and connect generations of fans through the wonder of storytelling and exhilaration of play. Hasbro delivers engaging brand experiences for global audiences through toys, consumer products, gaming and entertainment, with a portfolio of iconic brands including MAGIC: THE GATHERING, DUNGEONS & DRAGONS, Hasbro Gaming, NERF, TRANSFORMERS, PLAY-DOH and PEPPA PIG, as well as premier partner brands.

Hasbro is guided by our Purpose to create joy and community for all people around the world, one game, one toy, one story at a time. For more than a decade, Hasbro has been consistently recognized for its corporate citizenship, including being named one of the 100 Best Corporate Citizens by 3BL Media, one of the World’s Most Ethical Companies by Ethisphere Institute and one of the 50 Most Community-Minded Companies in the U.S. by the Civic 50. For more information, visit https://corporate.hasbro.com.

© 2023 Hasbro, Inc. All Rights Reserved.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20231218343922/en/

Investors: Kristen Levy | Hasbro, Inc. | (401) 727-5440 | kristen.levy@hasbro.com

Media: Roberta Thomson | Hasbro, Inc. | (650) 285-9721 | bertie.thomson@hasbro.com

Source: Hasbro, Inc.

FAQ

What did Hasbro, Inc. (NASDAQ: HAS) announce?

Hasbro, Inc. (NASDAQ: HAS) announced the declaration of a quarterly cash dividend of $0.70 per common share.

When will the dividend be payable?

The dividend will be payable on February 1, 2024.

Who is eligible to receive the dividend?

Shareholders of record at the close of business on February 15, 2024, are eligible to receive the dividend.