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Hasbro Announces Additional $500 Million Share Repurchase Authorization & Quarterly Cash Dividend on Common Shares

PAWTUCKET, R.I.--(BUSINESS WIRE)-- Hasbro, Inc. (NASDAQ: HAS) today announced that its Board of Directors has authorized the Company to repurchase an additional $500 million of its common stock. As of Wednesday, July 31, 2013, $71.8 million remained available in the Company's prior share repurchase authorization.

Additionally, the Company's Board of Directors has declared a quarterly cash dividend of $0.40 per common share. The dividend will be payable on November 15, 2013 to shareholders of record at the close of business on November 1, 2013.

"The additional $500 million share repurchase authorization is consistent with our stated capital deployment priorities of strategically investing in our business and returning cash to our shareholders through the payment of our quarterly dividend and the repurchase of our shares," said Deborah Thomas, Hasbro's Chief Financial Officer. "The ability to fund these programs reflects our strong cash flow generation of $632 million over the trailing twelve months and a solid balance sheet."

Since re-starting its buyback program in June 2005, the Company has repurchased 91.4 million shares at a total cost of $2.8 billion and an average price of $30.30 per share.

Repurchases of the Company's common stock may be made from time to time, subject to market conditions. These shares may be purchased in the open market or through privately negotiated transactions. Hasbro has no obligation to repurchase shares under the authorization, and the timing, actual number and value of shares which are repurchased will depend on a number of factors, including the price of the Company's common stock. The Company may suspend or discontinue the repurchase program at any time.

About Hasbro

Hasbro, Inc. (NASDAQ: HAS) is a branded play company dedicated to fulfilling the fundamental need for play for children and families through the creative expression of the Company's world class brand portfolio, including TRANSFORMERS, MONOPOLY, PLAY-DOH, MY LITTLE PONY, MAGIC: THE GATHERING, NERF and LITTLEST PET SHOP. From toys and games, to television programming, motion pictures, digital gaming and a comprehensive licensing program, Hasbro strives to delight its global customers with innovative play and entertainment experiences, in a variety of forms and formats, anytime and anywhere. The Company's Hasbro Studios develops and produces television programming for more than 170 markets around the world, and for the U.S. on Hub Network, part of a multi-platform joint venture between Hasbro and Discovery Communications (NASDAQ: DISCA, DISCB, DISCK). Through the company's deep commitment to corporate social responsibility, including philanthropy, Hasbro is helping to build a safe and sustainable world for future generations and to positively impact the lives of millions of children and families every year. It has been recognized for its efforts by being named one of the "World's Most Ethical Companies" and is ranked as one of Corporate Responsibility Magazine's "100 Best Corporate Citizens." Learn more at www.hasbro.com.

© 2013 Hasbro, Inc. All Rights Reserved.

HAS-D

Hasbro, Inc.

Mindmaster wrote::???:

Mindmaster wrote:Note to self: finance will not be a major in college. Stick with history.

Va'al wrote:

Mindmaster wrote:Note to self: finance will not be a major in college. Stick with history.

I keep forgetting how young you are.

Mindmaster wrote:Note to self: finance will not be a major in college. Stick with history.

njb902 wrote:And to va'al, yes hasbro is doing just fine.

Mindmaster wrote:

Va'al wrote:

Mindmaster wrote:Note to self: finance will not be a major in college. Stick with history.

I keep forgetting how young you are.

One year away, though! Almost done with the hellhole that is high school.

RAcast wrote:

Mindmaster wrote:

Va'al wrote:

Mindmaster wrote:Note to self: finance will not be a major in college. Stick with history.

I keep forgetting how young you are.

One year away, though! Almost done with the hellhole that is high school.

Don't do History and don't do Liberal Arts unless you're planning on teaching. Get a degree with high marketability and utility, engineering is always a good choice.

Mindmaster wrote:

RAcast wrote:

Mindmaster wrote:

Va'al wrote:

Mindmaster wrote:Note to self: finance will not be a major in college. Stick with history.

I keep forgetting how young you are.

One year away, though! Almost done with the hellhole that is high school.

Don't do History and don't do Liberal Arts unless you're planning on teaching. Get a degree with high marketability and utility, engineering is always a good choice.

Actually, that is precisely my intention: teaching history in a middle- or high school, after military service.

Metrosuplex wrote:I think this is a show for investors.

1) Hasbro cuts costs by reducing toy quality (i.e. less plastic ) and cutting jobs
2) Hasbro declares "good balance sheet" and makes a show of it by buying back stock.

But where do we see an actual PROFIT? I'm thinking this: if you cut your expenses, that doesn't mean you are selling more. It means your expenses are less, so your paperwork looks like your profitable. But that's not sustained profit if sales are suffering.

I want to hear ACTUAL SALES FIGURES. All this other stockholder theatrics mean nothing if sales are DECREASING.

njb902 wrote:
Going strictly on sales can be deceiving. You have to look at all of Hasbro's financial reports to have a good read on the company's health.

Mindmaster wrote:Those rumors were shot down by Hasbro (and I think Disney was in on it as well) themselves.

Metrosuplex wrote:

njb902 wrote:
Going strictly on sales can be deceiving. You have to look at all of Hasbro's financial reports to have a good read on the company's health.

Great point. My intention is to illustrate what you said: don't be fooled by a show.

I say downward spiraling sales because I worry (from what I've seen in local retail) that Hasbro is NOT making more sales. Decreasing costs ( in this scenario) is circling the drain. Your profit per sale goes up, but if, say, TMNT is kicking your @$$, you are only prolonging the inevitable.

Besides all of that, has anyone asked why Hasbro is making such a show if profitability?

Weren't there rumors of an acquisition by Disney?

njb902 wrote:

Metrosuplex wrote:

njb902 wrote:
Going strictly on sales can be deceiving. You have to look at all of Hasbro's financial reports to have a good read on the company's health.

Great point. My intention is to illustrate what you said: don't be fooled by a show.

I say downward spiraling sales because I worry (from what I've seen in local retail) that Hasbro is NOT making more sales. Decreasing costs ( in this scenario) is circling the drain. Your profit per sale goes up, but if, say, TMNT is kicking your @$$, you are only prolonging the inevitable.

Besides all of that, has anyone asked why Hasbro is making such a show if profitability?

Weren't there rumors of an acquisition by Disney?

I'm not worried about Hasbro's future. Even if the past few quarters haven't been stellar, they haven't been horrible by any means.

njb902 wrote:Hmmmm, it could happen. I just don't see Disney buying a toy company though, but hey stranger things have happened.