12 Best High Dividend Stocks Under $100

5. Hasbro, Inc. (NASDAQ:HAS)

Number of Hedge Fund Holders: 30

Dividend Yield as of January 24: 4.88%

Share Price as of January 24: $57.42

Hasbro, Inc. (NASDAQ:HAS) is an American multinational toy manufacturing and entertainment holding company. Its product lineup includes well-known brands like Monopoly, Magic: The Gathering, and Nerf. The company is dedicated to innovation, particularly by blending storytelling with consumer play, which is evident in its diverse approach to digital gaming and entertainment.

Recently, Hasbro, Inc. (NASDAQ:HAS) has been focused on its Blueprint 2.0 initiative, aiming to drive growth through strategic priorities such as brand expansion, enhancing digital offerings, and improving operations. Key strategies include growing direct-to-consumer channels, strengthening its digital presence with platforms like D&D Beyond, and capitalizing on prominent licensing partnerships.

In the third quarter of 2024, Hasbro, Inc. (NASDAQ:HAS)’s performance varied across its segments, with total revenue dropping 15% year-over-year due to challenges in various areas. The Consumer Products segment experienced a 10% decline, primarily driven by fewer closeouts and weaker sales volumes. However, improvements in supply chain operations helped boost the segment’s adjusted operating margin by 3.9 percentage points.

In addition, the company’s cash position YTD also provided some relief to investors. In the first nine months of 2024, the company generated an operating cash flow of $588 million, up from $335 million in the prior-year period. During the third quarter, it also returned $98 million to shareholders through dividends and currently pays a quarterly dividend of $0.70 per share. With a dividend yield of 4.88%, as of January 24, HAS is one of the best dividend stocks on our list.

As per Insider Monkey’s database of Q3 2024, 30 hedge funds owned stakes in Hasbro, Inc. (NASDAQ:HAS), up from 27 in the previous quarter. The consolidated value of these stakes is more than $773.4 million. Among these hedge funds, Citadel Investment Group was the company’s leading stakeholder in Q3.