Hasbro Announces 20 Percent Increase in Quarterly Dividend
PAWTUCKET, R.I.--(BUSINESS WIRE)--
Inc. (NASDAQ: HAS) today announced that its Board of Directors
has declared a quarterly cash dividend of $0.36 per common share, an
increase of $0.06 per share, or 20%, from the previous quarterly
dividend of $0.30 per common share. The dividend will be payable on May
15, 2012 to shareholders of record at the close of business on May 1,
"Hasbro's proven track record of healthy cash generation and effective
capital management has enabled us to deliver our third consecutive year
of a 20% or greater dividend increase," said Brian Goldner, President
and Chief Executive Officer. "The Board of Director's decision to raise
the dividend is indicative of Hasbro's commitment to creating
shareholder value through the execution of our branded-play strategy and
returning cash to shareholders."
Inc. (NASDAQ: HAS) is a branded play company providing children and
families around the world with a wide-range of immersive entertainment
offerings based on the Company's world class brand portfolio. From toys
and games, to television programming, motion pictures, video games and a
comprehensive licensing program, Hasbro strives to delight its customers
through the strategic leveraging of well-known and beloved brands such
as TRANSFORMERS, LITTLEST PET SHOP, NERF, PLAYSKOOL, MY LITTLE PONY,
G.I. JOE, MAGIC: THE GATHERING and MONOPOLY. The HUB, Hasbro's
multi-platform joint venture with Discovery Communications (NASDAQ:
DISCA, DISCB, DISCK) launched on October 10, 2010. The online home of
The HUB is www.hubworld.com.
The HUB logo and name are trademarks of Hub Television Networks, LLC.
All rights reserved. © 2012 Hasbro, Inc. All Rights Reserved.
Debbie Hancock, 401-727-5401
Wayne S. Charness, 401-727-5983
Source: Hasbro, Inc.
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