Spin Master Corp. (TOY) to Issue Quarterly Dividend of $0.12 on April 11th

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 given 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 Price Performance

Shares of Spin Master stock remained flat at C$25.63 during trading on Wednesday. The stock had a trading volume of 5,250 shares, compared to its average volume of 83,081. The firm’s fifty day simple moving average is C$29.01 and its two-hundred day simple moving average is C$31.01. The stock has a market capitalization of C$1.88 billion, a price-to-earnings ratio of 60.66, a P/E/G 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 debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14.

Insider Activity at Spin Master

In related 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 value of C$31,898.15. 2.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.