I’ve been pretty quiet these last few months on the acquisition side of things primarily due to market unknowingness. Though with new President elected and nothing pending for market correction I went ahead and added to my current ownership of Mattel, Inc. (MAT). Don’t get me wrong, the company has been a total dog in my portfolio these last few years with unmoved dividend growth for quite some time now. But even with year over year downtrending revenues this acquisition serves as a good example to dollar cost average in order to build on my current position. There is no doubt about it, the company has been going through some tough times, but also there is no doubt about the great brands it owns.
Mattel, Inc. was founded in 1945 and it is headquartered in El Segundo, California. Essentially, the company designs, manufactures, and markets a variety of toys and games under some of the most powerful children brands worldwide. Brands include Mattel, Barbie, Hot Wheels, Matchbox, Yu-Gi-Oh, Batman, Justice League, Megaman, Fisher-Price, View-Master, Sesame Street, Barney, Dora the Explorer, Winnie the Pooh, Power Wheels, American Girl, Thomas the Tank Engine and many more. It is the largest toy and game manufacturer in the United States. Additionally, the company sells its products directly to consumers via its catalog, website, proprietary retail stores, directly to retailers, including discount and free-standing toy stores, chain stores, department stores, retail outlets to wholesalers and through agents and distributors.
- Dividend Yield: 5.8%
- 3Yr Dividend Growth Rate: 1.8%
- Payout Ratio: 106.3%
- P/E: 25.0
- Consecutive Years of Dividend Raises: 0
- Dividend Payout: Quaterly
I purchased 75 shares for the price of $26.29 for a total investment of $1,971.75 adding $114.00 to my annual dividend income.
It is the 1st time I am initiating a stock acquisition this year. This transaction is my additional purchase of MAT shares into the portfolio. As of today, I now hold a total of 126.24 shares of the company. Additionally, MAT ownership stake represents to be around 3.4% of my whole portfolio value.
The 12-month dividend income increases to $2,964.
Thank you for reading & have a great day!