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

Spin Master Corp. (TSE:TOY) declared a quarterly dividend on Friday, March 28th, TickerTech Dividends reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, March 28th.

Spin Master Trading Down 0.2 %

Shares of Spin Master stock opened at C$25.63 on Wednesday. The company has a debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14. The stock has a market capitalization of C$1.88 billion, a P/E ratio of 60.66, a P/E/G ratio of 0.57 and a beta of 1.86. Spin Master has a 52-week low of C$25.00 and a 52-week high of C$35.44. The stock’s 50-day simple moving average is C$29.01 and its 200 day simple moving average is C$31.01.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Spin Master news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of the company’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 value of C$31,898.15. 2.20% of the stock is owned by company insiders.

About Spin Master

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.