JAKKS Pacific, Inc. Announces Quarterly Dividend of $0.25 (NASDAQ:JAKK)

Key Points

• JAKKS Pacific declared a quarterly dividend of $0.25 per share, payable June 29 to holders of record on May 29 (ex-dividend date May 29), implying a $1.00 annual dividend and a 4.6% yield.
• The dividend appears sustainable with a payout ratio of about 30.3% and analysts forecasting $2.93 EPS next year (an expected payout ratio near 34.1%), suggesting earnings should cover the $1.00 annual payout.
• JAKKS beat recent quarterly expectations with EPS of ($0.17) vs. ($0.44) expected and revenue of $106.68M, and currently trades around $21.54 with a market cap of roughly $246M and a P/E of 25.3.

JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report) declared a quarterly dividend on Thursday, April 30th. Investors of record on Friday, May 29th will be given a dividend of 0.25 per share on Monday, June 29th. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, May 29th.

JAKKS Pacific has a payout ratio of 30.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect JAKKS Pacific to earn $2.93 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 34.1%.

JAKKS Pacific Price Performance

JAKKS Pacific stock traded down $0.22 during midday trading on Friday, reaching $21.54. The stock had a trading volume of 23,142 shares, compared to its average volume of 102,970. The firm's fifty day simple moving average is $21.11 and its two-hundred day simple moving average is $18.81. JAKKS Pacific has a twelve month low of $14.86 and a twelve month high of $23.60. The firm has a market cap of $246.41 million, a price-to-earnings ratio of 25.34 and a beta of 1.65.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.17) EPS for the quarter, topping analysts' consensus estimates of ($0.44) by $0.27. JAKKS Pacific had a net margin of 1.73% and a return on equity of 3.85%. The firm had revenue of $106.68 million during the quarter, compared to analyst estimates of $103.80 million. As a group, sell-side analysts predict that JAKKS Pacific will post 2.06 EPS for the current fiscal year.

About JAKKS Pacific

JAKKS Pacific, Inc NASDAQ: JAKK is a Los Angeles–based company that designs, develops and markets a broad range of toys and consumer products. Since its founding in 1995 by industry veteran Jack Friedman, the company has built a diversified portfolio spanning three primary segments: Toys, Consumer Electronics & Seasonal, and Kids Furniture & Accessories. JAKKS Pacific specializes in both licensed and proprietary brands, collaborating with major entertainment and sports licensors to bring popular characters and franchises to market.

The company's Toys segment includes action figures, dolls, role-play items, collectible toys and outdoor activity products.

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