Spin Master Corp. (TSE:TOY) Declares $0.12 Quarterly Dividend

Key Points

• Spin Master Corp. declared a quarterly dividend of C$0.12 per share, with the ex-dividend date being September 26th.
• The company's stock has seen a decline of 1.5%, with a current market cap of C$2.20 billion and a P/E ratio of 26.19.
• Several analysts have adjusted their ratings on Spin Master, with a consensus rating of "Moderate Buy" and an average target price of C$30.63.

Spin Master Corp. (TSE:TOY - Get Free Report) declared a quarterly dividend on Friday, September 26th, TickerTech Dividends reports. Stockholders of record on Friday, October 10th will be paid a dividend of 0.12 per share on Friday, October 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, September 26th.

Spin Master Stock Down 1.5%

TOY stock opened at C$21.74 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61. The company's 50-day moving average price is C$23.07 and its 200 day moving average price is C$23.69. Spin Master has a 52 week low of C$20.30 and a 52 week high of C$35.44. The company has a market cap of C$2.20 billion, a P/E ratio of 26.19, a P/E/G ratio of 0.57 and a beta of 0.66.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TOY shares. Stifel Canada lowered Spin Master from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Cibc World Mkts upgraded Spin Master to a "hold" rating in a research report on Tuesday, June 3rd. Canaccord Genuity Group dropped their price target on Spin Master from C$26.00 to C$24.00 and set a "hold" rating for the company in a research report on Friday, August 1st. CIBC set a C$28.00 price target on Spin Master and gave the stock a "neutral" rating in a research note on Tuesday, June 3rd. Finally, TD Securities lowered their price objective on shares of Spin Master from C$32.00 to C$31.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$30.63.

Spin Master Company Profile

Spin Master is a children's entertainment company operating in the roughly $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, boys, preschool and girls, and activities games and puzzles and plush).

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