JAKKS Pacific, Inc. (JAKK) to Issue Quarterly Dividend of $0.25 on December 28th

JAKKS Pacific, Inc. (NASDAQ:JAKK) announced a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 27th will be paid a dividend of $0.25 per share on Monday, December 28th. This represents a $1.00 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, November 27th.

JAKKS Pacific has a payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Analysts expect JAKKS Pacific to earn $1.98 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 50.5%.

JAKKS Pacific Price Performance

JAKK stock opened at $30.52 on Friday. The firm has a market capitalization of $349.15 million, a P/E ratio of 14.33 and a beta of 1.32. The business’s 50-day moving average is $25.98 and its two-hundred day moving average is $24.05. JAKKS Pacific has a 1 year low of $14.86 and a 1 year high of $32.16.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.34. JAKKS Pacific had a return on equity of 8.43% and a net margin of 4.17%. The business had revenue of $254.22 million during the quarter, compared to the consensus estimate of $226.58 million. On average, analysts expect that JAKKS Pacific will post 1.38 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of JAKK. Royal Bank of Canada grew its holdings in shares of 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 during the last quarter. Allspring Global Investments Holdings LLC increased its position in JAKKS Pacific by 11.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,508 shares of the company’s stock valued at $249,000 after acquiring an additional 1,288 shares during the period. Rockefeller Capital Management L.P. raised its stake in JAKKS Pacific by 43.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 16,500 shares of the company’s stock valued at $279,000 after acquiring an additional 5,000 shares during the last quarter. Sei Investments Co. raised its stake in JAKKS Pacific by 34.4% during the 1st quarter. Sei Investments Co. now owns 17,960 shares of the company’s stock valued at $358,000 after acquiring an additional 4,600 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in JAKKS Pacific by 63.4% during the 1st quarter. Quantinno Capital Management LP now owns 20,317 shares of the company’s stock valued at $405,000 after acquiring an additional 7,885 shares during the last quarter. 44.38% of the stock is currently owned by institutional investors and hedge funds.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc is a toy and consumer products company that develops, designs, produces and markets toys, games, seasonal products and related merchandise. Its product portfolio includes action figures, dolls, roleplay toys, dress-up and costume products, plush items, outdoor and sports toys, games, and other products for children and families.

The company markets products under its own brands, including Maui, Disguise and Moose Mountain, as well as through licensing and strategic partnerships with entertainment and consumer brands.