Spin Master Corp. (TSE:TOY) Announces Dividend Increase – $0.12 Per Share

Spin Master Corp. (TSE:TOYGet Free Report) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.12 per share on Friday, July 12th. This represents a $0.48 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, June 28th. This is a boost from Spin Master’s previous quarterly dividend of $0.06.

Spin Master Stock Down 2.7 %

TOY stock opened at C$28.11 on Thursday. The company has a 50 day moving average price of C$29.53 and a two-hundred day moving average price of C$32.39. The company has a debt-to-equity ratio of 46.93, a quick ratio of 2.06 and a current ratio of 1.09. The stock has a market capitalization of C$989.47 million, a P/E ratio of 22.49, a PEG ratio of 0.58 and a beta of 1.87. Spin Master has a one year low of C$27.52 and a one year high of C$37.73.

Spin Master (TSE:TOYGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C($0.26) EPS for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.32). The business had revenue of C$426.28 million during the quarter, compared to analysts’ expectations of C$407.27 million. Spin Master had a net margin of 5.05% and a return on equity of 7.63%. As a group, sell-side analysts expect that Spin Master will post 2.8894422 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada lowered their target price on shares of Spin Master from C$50.00 to C$46.00 and set an “outperform” rating for the company in a report on Monday, March 18th. Stifel Nicolaus reduced their target price on Spin Master from C$50.00 to C$45.00 in a report on Thursday, May 9th. National Bank Financial lowered Spin Master from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research note on Wednesday, May 8th. National Bankshares reduced their price objective on Spin Master from C$40.00 to C$35.00 in a research note on Thursday, May 9th. Finally, CIBC dropped their price objective on shares of Spin Master from C$41.00 to C$37.00 in a research report on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Spin Master has an average rating of “Moderate Buy” and a consensus price target of C$44.50.

Read Our Latest Analysis on TOY

About Spin Master

(Get Free Report)

Spin Master Corp., a children's entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment products, and digital games in North America, Europe, and internationally. The Toys segment's product categories include activities, games and puzzles, and plush; wheels and action; outdoor; and preschool, dolls, and interactive products.

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Dividend History for Spin Master (TSE:TOY)

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