Research memoHasbro, Inc. (HAS) · NASDAQMemo of October 21, 2026By Olivier Lachance

Hasbro dividend

MyStockButler's October 2026 analysis: Hasbro pays $2.80 per share annually at the current $0.70 quarterly rate. Hasbro generated $829.9 million of free cash flow in 2025 and paid $392.5 million in dividends.

2.80 US$ per share
Dividend paid per share, 2025
2.6%
Dividend yield
4.9%
Real free cash flow yield
5.4%
Free cash flow yield
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Every number traced to Hasbro's filings8 chapters · 17,286 words215 sources cited

How much does Hasbro pay per share?

Hasbro (HAS) dividend per share: $2.71 paid in 2021, $2.80 in 2025; our forecast: $2.80 in Oct 2029; dividend yield 2.6 %

The final forecast holds dividends at $2.80 per share in every case. That equals the current $0.70 quarterly rate if maintained. Positive cash generation supports stability, but the absence of formal dividend-growth guidance argues against building increases into the table.

What one share getsUS$ per share
20252024202320222021
EPS, diluted-2.302.75-10.731.463.10
Real free cash flow per share5.355.063.731.164.24
− Dividends paid, per share2.802.782.802.772.71
− Share buybacks, per share0.000.000.000.900.00

How much would Hasbro's dividend pay you?

$10,000 invested in Hasbro at its 2.6% dividend yield (our report of October 21, 2026) pays $260.00 in the first year, before tax. If its dividend per share keeps changing 0.8% a year, as it did from 2021 to 2025, and the dividends are reinvested, year 10 pays $355.25, with $3,050.36 received in all.

$

$260.00
First-year dividend income
$355.25
Dividend income in year 10
$3,050.36
Total dividends received

Before tax. Past dividend growth is not a promise. Information only, not investment advice.

Does Hasbro's cash cover its dividend?

The next three years were more disciplined. Free cash flow recovered to $590.1 million in 2023 and $760.2 million in 2024, then reached $829.9 million in 2025. Hasbro made no buybacks or acquisitions during 2023–2025. Dividends were $392.5 million in 2025, leaving $432.8 million after dividends and payments to minority owners.

Operating cash flow was $893.2 million in 2025. After $63.3 million of property and equipment spending, free cash flow was $829.9 million. That cash generation remained strong despite the reported net loss because the goodwill impairment reduced accounting profit without reducing cash.

Follow the money: where the free cash flow wentUS$ millions
20252024202320222021
Free cash flow829.9760.2590.1244.7685.2
− Dividends paid392.5389.9388.0385.3374.5
− Share buybacks000125.00
= Free cash flow not paid out432.8363.8196.6300.8
Paid to shareholders392.5389.9388.0510.3374.5
Paid out, % of free cash flow47.3%51.3%65.8%208.5%54.7%

What this means. In 2022, the company paid shareholders more cash than its business generated, so it had to use savings or borrow money to cover the difference.

Dividend per share against free cash flow per share (US$ per share)2.714.2420212.771.1620222.803.7320232.785.0620242.805.352025Dividends paid, per shareReal free cash flow per share

What could change Hasbro's dividend?

Management guides to 7–9% constant-currency revenue growth and a 27–28% adjusted operating margin for 2026. The plan includes $400 million of share repurchases and $150 million of gross cost savings before reinvestment and other costs. The toy forecast has repeatedly fallen short.

The forecast's tablebase case, then bear / bull in brackets; USD millions, per share in USD, unless shown
October 2027October 2028October 2029
Net asset value1,218 (967 / 1,318)1,698 (897 / 1,998)2,178 (827 / 2,678)
Shares (millions)137 (138 / 136)137 (139 / 134)136 (140 / 132)
Dividends per share2.80 (2.80 / 2.80)2.80 (2.80 / 2.80)2.80 (2.80 / 2.80)
Price to net asset value12.00 (8.00 / 16.00)11.00 (6.00 / 17.00)10.00 (5.00 / 18.00)

What this means. Price to net asset value shows how many dollars investors pay for each dollar of what the company owns after debts.

What is Hasbro's dividend yield today?

Cash measures complete the picture. Free-cash-flow yield was 5.4%, while real free-cash-flow yield was 4.9%; the dividend yield was 2.6%. These are competing uses of the same cash, not returns to add together. Dividends and buybacks can reward shareholders, but debt repayment and future game investment also need funding.

From the full memo · 1. The business

Hasbro sells toys, games, and entertainment built around recognizable brands. It earns money from products it makes or commissions, and from letting other companies use those brands.

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