JAKKS Pacific, Inc. (NASDAQ:JAKK) Shareholders to Get $0.25 Quarterly Dividend

Key Points

• JAKKS Pacific declared a quarterly dividend of $0.25 per share, payable December 28 to shareholders of record on November 27. The annualized dividend is $1.00 per share, representing a 3.4% yield.
• The dividend appears supported by earnings, with a current payout ratio of 30.3%; based on projected earnings, the future payout ratio is expected to be 50.5%.
• JAKKS Pacific exceeded quarterly expectations, reporting $2.68 in earnings per share versus the $2.34 consensus estimate and revenue of $254.22 million compared with the $226.58 million forecast.

JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report) announced a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 27th will be paid a dividend of $0.25 per share on Monday, December 28th. This represents a $1.00 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, November 27th.

JAKKS Pacific has a dividend payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Analysts expect JAKKS Pacific to earn $1.98 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 50.5%.

JAKKS Pacific Trading Up 0.9%

Shares of JAKK stock opened at $29.54 on Friday. JAKKS Pacific has a twelve month low of $14.86 and a twelve month high of $29.55. The stock has a market capitalization of $337.94 million, a price-to-earnings ratio of 30.81 and a beta of 1.32. The stock has a fifty day simple moving average of $25.88 and a two-hundred day simple moving average of $24.00.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.34. JAKKS Pacific had a return on equity of 4.33% and a net margin of 2.77%. The firm had revenue of $254.22 million during the quarter, compared to the consensus estimate of $226.58 million. Research analysts predict that JAKKS Pacific will post 1.38 EPS for the current fiscal year.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc is a toy and consumer products company that develops, manufactures and markets toys, games and related products for children and families. Its portfolio includes action figures, dolls, vehicles, playsets, role-play and dress-up products, plush toys, preschool items, games, and seasonal and outdoor products.

The company sells products under its own brands and through licensing and entertainment partnerships. Its offerings have included products based on well-known movie, television, video game and character properties, as well as proprietary brands such as Maui and Airwalk.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.