Spin Master Corp. (OTCMKTS:SNMSF) to Issue Dividend Increase – $0.04 Per Share

Spin Master Corp. (OTCMKTS:SNMSF) declared a dividend on Thursday, March 21st, investing.com reports. Shareholders of record on Thursday, March 28th will be given a dividend of 0.0442 per share on Friday, April 12th. This represents a dividend yield of 0.72%. The ex-dividend date is Wednesday, March 27th. This is an increase from Spin Master’s previous dividend of $0.04.

Spin Master Price Performance

Shares of OTCMKTS SNMSF remained flat at $25.24 during midday trading on Tuesday. 33,358 shares of the stock were exchanged, compared to its average volume of 3,092. The business’s 50-day simple moving average is $25.08 and its 200-day simple moving average is $25.27. Spin Master has a 1 year low of $23.40 and a 1 year high of $29.19.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reduced their price objective on shares of Spin Master from $50.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, March 18th.

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.