Hasbro Declares Fresh Dividend; Yield is 3.7%
On the heels of its latest quarterly results, toymaker Hasbro's (NASDAQ: HAS) board of directors declared a new quarterly dividend. The company will pay out $0.68 per share, dispensing the cash on Nov. 16 to stockholders of record as of Nov. 2. On Thursday's closing share price, the distribution yields 3.7%.
Hasbro seems very comfortable with that amount; it has paid it in each of the preceding seven quarters. Prior to that, the company handed out $0.63 per share. Although it has had its ups and downs in the frequently trend-driven toy and gaming industries, it has been a steady and reliable dividend payer since the beginning of 1981.
Image source: Hasbro.
Source Fool.com
