Quarterly Dividend announced, Joint Venture Closes and a New

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Quarterly Dividend announced, Joint Venture Closes and a New

by First Gen » Sat May 23, 2009 12:22 pm

Motto: "Til All Are One."

Weapon: Dual Laser Cannon

Lots of moving parts going on in Pawtucket, Rhode Island. HASBRO Inc. has just announced its Quarterly Cash Dividends to be paid to share holders this quarter. $0.20 USD for every share held by stock holders as of August 3rd, 2009. The dividends are scheduled for release on August, 17th 2009.

Also happening at the toy company, the joint venture with Discovery Communications has just been closed in which HASBRO purchased 50% of the company. Hasbro and Discovery plan for the joint venture to create a rebranded television network dedicated to high-quality children’s and family entertainment.

The rebranded network is scheduled to premiere in late 2010. The network will feature content from Hasbro’s rich portfolio of entertainment and educational properties, and content from Discovery’s extensive library of award-winning children’s educational programming, as well as programming from third-party producers.

And finally, we at Seibertron.com would like to congratulate Deb Thomas for being named Chief Financial Officer. Ms. Thomas will report directly to David Hargreaves, the Company’s Chief Operating Officer, who had been serving as Hasbro’s COO and CFO prior to the appointment of Ms. Thomas.

“Deb is an outstanding and experienced professional who has been an important contributor on many levels throughout her career at Hasbro,” said Mr. Goldner, CEO of HASBRO Inc. “She has clearly and consistently demonstrated her financial acumen and industry expertise as head of Corporate Finance, and we are pleased that she will now be taking on added responsibilities as Hasbro’s CFO.”