Hasbro Announces Additional $500 Million Share Repurchase Authorization & Quarterly Cash Dividend on Common Shares

Hasbro, Inc. (NASDAQ:

) announced that its Board of Directors has authorized the Company to repurchase an additional $500 million of its common stock. As of Wednesday, May 18, 2011, $21.4 million remained available in the Company's prior share repurchase authorization. Also, the Company announced that its Board of Directors has declared a quarterly cash dividend of $0.30 per common share. The dividend will be payable on August 15, 2011 to shareholders of record at the close of business on August 1, 2011.