Hasbro (HAS) Declares $0.63 Quarterly Dividend; $500M Share Repurchase Plan Announced

Hasbro (NASDAQ: HAS) declared a quarterly dividend of $0.63 per share, or $2.52 annualized. The dividend will be payable on August 15, 2018, to stockholders of record on August 1, 2018, with an ex-dividend date of July 31, 2018. The annual yield on the dividend is 2.8 percent.

The company also announced that its Board of Directors has authorized the Company to repurchase an additional $500 million of its common stock. At the end of the first quarter, $139.2 million remained available in the current share repurchase authorization.

“Hasbro is committed to strategically investing in our business for long-term profitable growth and returning excess cash to our shareholders. The Board’s additional $500 million stock authorization reaffirms this commitment and demonstrates confidence in the future value of Hasbro’s strategy,” said Deb Thomas, Hasbro’s Chief Financial Officer. “Hasbro is executing from a healthy financial position, with an operating cash flow target of $600-700 million this year and a solid balance sheet.”

For a dividend history and other dividend-related data on Hasbro (HAS) click here.

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