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

JAKKS Pacific, Inc. (NASDAQ:JAKKGet Free Report) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Friday, August 28th will be given a dividend of 0.25 per share on Monday, September 28th. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, August 28th.

JAKKS Pacific has a dividend payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect JAKKS Pacific to earn $2.33 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 42.9%.

JAKKS Pacific Price Performance

JAKK opened at $23.81 on Friday. The firm has a fifty day moving average price of $22.59 and a 200 day moving average price of $21.05. JAKKS Pacific has a 1 year low of $14.86 and a 1 year high of $25.25. The stock has a market cap of $272.39 million, a P/E ratio of 34.51 and a beta of 1.44.

JAKKS Pacific (NASDAQ:JAKKGet Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.27. The company had revenue of $106.68 million for the quarter, compared to analyst estimates of $103.80 million. JAKKS Pacific had a net margin of 1.41% and a return on equity of 3.26%. Equities analysts expect that JAKKS Pacific will post 1.64 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of JAKK. State of Alaska Department of Revenue purchased a new stake in shares of JAKKS Pacific in the fourth quarter valued at approximately $32,000. Royal Bank of Canada lifted its position in JAKKS Pacific by 543.6% during the first quarter. Royal Bank of Canada now owns 2,066 shares of the company’s stock worth $41,000 after buying an additional 1,745 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in JAKKS Pacific during the third quarter worth $46,000. Quarry LP purchased a new stake in JAKKS Pacific in the 3rd quarter valued at $51,000. Finally, BNP Paribas Financial Markets grew its holdings in JAKKS Pacific by 155.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,072 shares of the company’s stock valued at $64,000 after buying an additional 1,871 shares in the last quarter. 44.38% of the stock is owned by hedge funds and other institutional investors.

JAKKS Pacific Company Profile

(Get Free Report)

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.

See Also

Dividend History for JAKKS Pacific (NASDAQ:JAKK)

Receive News & Ratings for JAKKS Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JAKKS Pacific and related companies with MarketBeat.com's FREE daily email newsletter.