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

Spin Master Corp. (TSE:TOY) declared a quarterly dividend on Friday, March 28th, TickerTech Dividends reports. Investors of record on Friday, April 11th will be paid a dividend of 0.12 per share on Friday, April 11th. This represents a $0.48 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, March 28th.

Spin Master Price Performance

Shares of TOY stock remained flat at C$25.63 during mid-day trading on Wednesday. The company’s stock had a trading volume of 5,250 shares, compared to its average volume of 83,081. Spin Master has a 52 week low of C$25.00 and a 52 week high of C$35.44. The company has a market capitalization of C$1.88 billion, a price-to-earnings ratio of 60.66, a PEG ratio of 0.57 and a beta of 1.86. The company has a 50 day moving average of C$29.01 and a 200 day moving average of C$31.01. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 39.61.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. TD Securities cut their price objective on Spin Master from C$46.00 to C$37.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. National Bankshares dropped their price target on Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 26th. Royal Bank of Canada decreased their price objective on Spin Master from C$43.00 to C$41.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Stifel Nicolaus dropped their target price on shares of Spin Master from C$45.00 to C$40.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, Canaccord Genuity Group lowered their price objective on shares of Spin Master from C$44.00 to C$35.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$37.75.

Insider Activity

In other Spin Master news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of C$25.34, for a total transaction of C$31,898.15. 2.20% of the stock is owned by corporate insiders.

Spin Master Company Profile

Spin Master Corp., a children's entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment products, and digital games in North America, Europe, and internationally. The Toys segment's product categories include activities, games and puzzles, and plush; wheels and action; outdoor; and preschool, dolls, and interactive products.