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

JAKKS Pacific, Inc. (NASDAQ:JAKK - Get Free Report) announced a quarterly dividend on Thursday, July 24th, RTT News reports. Shareholders of record on Friday, August 29th will be given a dividend of 0.25 per share on Tuesday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date is Friday, August 29th.

JAKKS Pacific has a dividend payout ratio of 30.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect JAKKS Pacific to earn $3.82 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 26.2%.

JAKKS Pacific Price Performance

Shares of JAKK traded down $1.41 during trading hours on Monday, hitting $17.67. The stock had a trading volume of 280,027 shares, compared to its average volume of 155,144. JAKKS Pacific has a 12 month low of $17.27 and a 12 month high of $35.79. The firm has a market capitalization of $197.02 million, a PE ratio of 5.21 and a beta of 1.06. The stock has a fifty day moving average price of $20.47 and a 200 day moving average price of $23.42.

Insider Activity at JAKKS Pacific

In related news, CEO Stephen G. Berman sold 40,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $22.02, for a total value of $880,800.00. Following the sale, the chief executive officer directly owned 267,042 shares in the company, valued at approximately $5,880,264.84. The trade was a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.90% of the stock is owned by insiders.

Institutional Investors Weigh In On JAKKS Pacific

A hedge fund recently raised its stake in JAKKS Pacific stock. AQR Capital Management LLC increased its position in JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) by 67.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,666 shares of the company's stock after buying an additional 56,873 shares during the period. AQR Capital Management LLC owned 1.26% of JAKKS Pacific worth $3,470,000 at the end of the most recent quarter. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered JAKKS Pacific from a "buy" rating to a "hold" rating in a report on Saturday.

About JAKKS Pacific

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.