Mattel Raises Dividend Again, Posts Impressive Q4

Mattel, Inc. (MAT) is giving shareholders their biggest raise since 2007, the company announced within today’s impressive earnings report, sending shares up more than 3% in pre-market trading.

The company bumped its annual dividend rate up to $0.92 per share, a 10.8% improvement over the $0.83 paid to shareholders in 2010. As previously announced, the company is moving to a quarterly payout this year, with the first installment of $0.23 per share carrying an ex-dividend date of February 22.

The 10.8% increase represents the biggest raise given to Mattel shareholders since a 15.4% boost in 2007, narrowly edging last year’s 10.7% increase.

The toymaker also reported fourth quarter earnings of $0.89 per share on $2.12 billion in revenue, topping the consensus analyst views for both profit ($0.86 per share) and sales ($2.09 billion).

Shares of MAT rose to 25.03 (+3.64%) in pre-market trading, where they now carry a 3.68% dividend yield.

About The Dynamic Dividend 64 Articles

The Dynamic Dividend is a website focused on helping income investors identify quality growth opportunities among dividend-paying stocks.

Visit: The Dynamic Dividend

Be the first to comment

Leave a Reply

Your email address will not be published.