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Recent Articles
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Hasbro Is Down But Not Out, Shares Yield ~5.3%
Mar 19, 2024
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Image: Hasbro’s shares have faced considerable pressure during the past few years.
Hasbro's recently reported fourth-quarter results weren't great and showed revenue declining 23% as it experienced material weakness in its Consumer Products segment (-25%) and Entertainment division (-49%) in the quarter. On an adjusted basis, backing out large impairment charges, the firm’s operating loss came in at $50 million in the quarter, while it recorded adjusted net earnings of $0.38 per share. Hasbro continues to navigate a difficult demand environment for physical toys, but the company’s free cash flow remains robust and was in excess of cash dividends paid during 2023. Shares yield ~5.3% at the time of this writing.
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Latest Report Updates
Mar 17, 2024
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Check out the latest report updates on the website.
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Altria Selling Portion of ABI Stake, Raises 2024 Guidance
Mar 15, 2024
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Image: Altria’s shares reacted positively to news that it would sell a portion of its stake in Anheuser-Busch Inbev.
On March 14, Altria Group announced that it would be selling in a secondary offering 35 million of its ~197 million shares of Anheuser-Busch Inbev it owns to unlock value for shareholders. The cigarette maker noted that it would use the proceeds of the sale for accelerated share buybacks to the tune of a $2.4 billion increase to its existing $1 billion repurchase program, a move that we like quite a bit as it helps to reduce total dividend obligations paid to shareholders given Altria’s outsized dividend yield. The cigarette maker also raised its earnings guidance because of the sale, and we continue to like Altria as a high yield dividend income idea.
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Dividend Increases/Decreases for the Week of March 15
Mar 15, 2024
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Let's take a look at firms raising/lowering their dividends this week.
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