Toymaker Spin Master increases dividend payout despite widening loss
- Spin Master doubles quarterly dividend
- Loss widens in first quarter
- New dividend of 12 Canadian cents
- Annual yield of 0.4%
- Revenue rises with Melissa & Doug acquisition
Spin Master, the toymaker, has announced that it is doubling its quarterly dividend after reporting a wider loss in the first quarter. The company declared a dividend of 12 Canadian cents, compared to the previous dividend of C$0.06. This new payout, which amounts to C$0.48 per year, represents an annual yield of 0.4% based on the closing price of C$30.26 per share. Despite the loss, Spin Master’s revenue exceeded expectations in the first quarter, thanks to the recent acquisition of Melissa & Doug.
Factuality Level: 8
Factuality Justification: The article provides factual information about Spin Master doubling its quarterly dividend, the new dividend amount, the annual yield, the increase in revenue, and the widening loss. The information is clear and directly related to the main topic without any digressions or irrelevant details. There is no apparent bias or opinion presented as fact, and the reporting is straightforward.
Noise Level: 2
Noise Justification: The article provides relevant information about Spin Master doubling its quarterly dividend, the reasons behind it, and the impact on the company’s financials. It stays on topic and does not contain irrelevant or misleading information. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people.
Financial Relevance: Yes
Financial Markets Impacted: Spin Master
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses Spin Master’s quarterly dividend and its financial performance in the first quarter. However, there is no mention of any extreme event or its impact.
Public Companies: Spin Master (N/A)
Key People: Ben Glickman (N/A)
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