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

Spin Master Corp. (TSE:TOY) announced a quarterly dividend on Friday, March 28th, TickerTech Dividends reports. Investors of record on Friday, April 11th will be given a dividend of 0.12 per share on Friday, April 11th. This represents a $0.48 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Friday, March 28th.

Spin Master Stock Performance

Shares of TOY traded up C$0.13 during midday trading on Wednesday, reaching C$25.76. 1,650 shares of the stock were exchanged, compared to its average volume of 83,083. The stock’s 50 day simple moving average is C$29.01 and its 200 day simple moving average is C$31.01. The company has a market cap of C$1.89 billion, a P/E ratio of 60.97, a PEG ratio of 0.57 and a beta of 1.86. Spin Master has a twelve month low of C$25.00 and a twelve month high of C$35.44. The company has a quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 39.61.

Analysts Set New Price Targets

Several brokerages have recently commented on TOY. Royal Bank of Canada lowered their target price on shares of Spin Master from C$43.00 to C$41.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Stifel Nicolaus cut their target price on Spin Master from C$45.00 to C$40.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. TD Securities decreased their price target on Spin Master from C$46.00 to C$37.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Canaccord Genuity Group cut 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. Finally, National Bankshares cut their price target on shares of Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating for the company in a 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.com, Spin Master has an average rating of “Moderate Buy” and an average target price of C$37.75.

Insider Buying and Selling at Spin Master

In other news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of Spin Master stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of C$25.34, for a total transaction of C$31,898.15. Company insiders own 2.20% of the company’s stock.

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.