Hasbro Dividend Offers 2.5% Yield

Hasbro, Inc.

revealed that its Board has declared a quarterly cash dividend of $0.51 per share. On an annualized basis, this represented $2.04 a share. The dividend provided 2.5 percent yield. This was lower than the average 2.9 percent yield of the five-year period. The company said that the dividend would be payable on November 15 to its shareholders of record of November 1. The latest dividend represented a payout ratio of about 51.0 percent, which was also lower than the 56.0 percent payout ratio of the five-year period. The company has been increasing its dividend rate only in the last two straight years. On Thursday, the stock added $0.17 or 0.20 percent to trade at $80.61.