Mattel earnings fall 17%, boosts dividend
FRANKFURT (MarketWatch) — Toymaker Mattel Inc. on Friday reported fourth-quarter profit of 6.5 million, or 87 cents a share, versus 0.6 milllion, or .07 a share, in the same period a year earlier. Excluding a litigation charge, adjusted net income was .12 a share. Analysts surveyed by Factset had forecast a profit of .15 a share. Net sales rose 5% to .26 billion. Mattel said its board declared a first-quarter cash dividend of 36 cents a share, up from last year’s dividend of 31 cents.
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