Mattel announced today that the company will pay its third straight quarterly dividend of $0.31 per share. The dividend will be payable on September 21st with an ex-dividend date of August 27th. This maintains the 3.5% dividend yield on the stock MAT. Investors must own the stock at the close of trading the day before the ex-dividend date to qualify to receive the dividend.
Mattel converted to quarterly dividend payouts in 2011. Previously the company paid dividends annually. It started paying dividends in 1990 and has raised its dividend for 3 consecutive years. Mattel has a three year dividend growth rate of 18% and a payout ratio of just 50%. The free cash flow yield is an exceptional 6.2%.
Mattel manufactures and sells children’s toys and products. The stock has been on a tear in the last 12 months rising over 24%. Mattel has a market cap of $11.6B and a P/E ratio of 15.6. The stock is ranked number 8 on our 100 best dividend stock list. For more information on Mattel and other consumer product dividend stocks visit our dividend consumer page.