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

Spin Master Corp. (TSE:TOY) announced 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 1.86%. The ex-dividend date is Friday, March 28th.

Spin Master Trading Up 0.5 %

TOY stock traded up C$0.13 during midday trading on Wednesday, hitting C$25.76. 1,650 shares of the company’s stock were exchanged, compared to its average volume of 83,083. The company has a debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14. Spin Master has a one year low of C$25.00 and a one year high of C$35.44. The stock’s fifty day moving average price is C$29.01 and its 200-day moving average price is C$31.01. The company has a market cap of C$1.89 billion, a PE ratio of 60.97, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TOY shares. Royal Bank of Canada reduced their target price 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. TD Securities dropped their target price 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. National Bankshares decreased 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 research note on Wednesday, February 26th. Stifel Nicolaus cut 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. Finally, Canaccord Genuity Group decreased their target price 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$37.75.

Insider Activity

In other Spin Master news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of Spin Master stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of C$25.34, for a total transaction of C$31,898.15. 2.20% of the stock is owned by 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.