Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Should You Buy Hasbro for Its High Dividend Yield?

TheMotleyFool

0 0

Should You Buy Hasbro for Its High Dividend Yield?: https://g.foolcdn.com/editorial/images/722523/investor-making-a-decision-to-buy-sell-or-hold-a-stock.jpg

Hasbro (NASDAQ: HAS) is one of the leading toy and games companies, owning popular brands like Play-Doh, Magic: The Gathering, Dungeons & Dragons, Monopoly, Nerf, and Transformers. Growing revenue and free cash flows delivered solid returns and increased dividends for shareholders.

But high inflation proved too much for the company last year. Weak sales trends caused the stock to fall 40% in 2022, underperforming the S&P 500 index.

The stock price fell another 9.4% year to date as the company reported weaker-than-expected revenue results for the fourth quarter. Management's guidance for 2023 earnings per share also came in below Wall Street's estimates.

Source Fool.com

Like: 0

HAS

Share