EL SEGUNDO, Calif., Nov. 17 /PRNewswire-FirstCall/ -- Mattel, Inc.
(NYSE: MAT) announced today that the Mattel Board of Directors has approved
an increase in the company's common stock annual dividend for 2006 to
sixty-five cents per share. The previous annual dividend rate was fifty
cents per share. The dividend is payable on December 15, 2006 to
shareholders of record on December 1, 2006.
"By increasing the cash dividend for the fourth year in a row, the
Mattel Board of Directors has demonstrated its commitment to returning
excess funds to shareholders," said Robert A. Eckert, chairman and chief
executive officer of Mattel. "The company plans to continue utilizing a
disciplined and opportunistic decision-making process in the deployment of
cash in an effort to generate value for our shareholders, as well as
provide for continued financial flexibility in order to make additional
value enhancing investments."
About Mattel
Mattel, Inc., (NYSE: MAT), (http://www.mattel.com) is the worldwide leader in
the design, manufacture and marketing of toys and family products,
including Barbie(R), the most popular fashion doll ever introduced. The
Mattel family is comprised of such best-selling brands as Hot Wheels(R),
Matchbox(R), American Girl(R), Radica(R) and Tyco(R) R/C, as well as
Fisher-Price(R) brands (http://www.fisher-price.com), including Little People(R),
Rescue Heroes(R), Power Wheels(R) and a wide array of
entertainment-inspired toy lines. With worldwide headquarters in El
Segundo, Calif., Mattel employs more than 30,000 people in 42 countries and
sells products in more than 150 nations throughout the world. The Mattel
vision is to be the world's premier toy brands -- today and tomorrow.
Note: Forward-looking statements with respect to the financial
condition, results of operations and business of the company are subject to
certain risks and uncertainties that could cause actual results to differ
materially from those set forth in such statements. These include without
limitation: the company's dependence on the timely development,
manufacture, introduction and customer acceptance of new products; the
seasonality of the toy business; customer concentration and pricing;
significant changes in buying and payment patterns of major customers,
including as a result of bankruptcy and store closures; adverse changes in
general economic conditions in the U.S. and internationally, including
adverse changes in the retail environment, employment and the stock market;
order predictability and supply chain management; the impact of
competition, including from private label toys, on revenues and margins;
the supply and cost of raw materials (including oil and resin prices),
components, employee benefits and various services; the effect of currency
exchange rate fluctuations on reportable income; risks associated with
acquisitions and mergers; the possibility of product recalls and related
costs; risks associated with foreign operations; negative results of
litigation, governmental proceedings or environmental matters; changes in
laws and regulations; possible work stoppages, slowdowns or strikes;
possible outbreaks of SARS, bird flu or other diseases; political
developments and the threat or occurrence of war or terrorist acts; the
possibility of catastrophic events; the inherent risk of new initiatives;
and other risks and uncertainties as may be detailed from time to time in
the company's public announcements and SEC filings. This release contains
forward-looking statements about the decision-making process for deployment
of cash, generating value for shareholders and continued financial
flexibility to make additional value enhancing investments. Mattel does not
update forward-looking statements and expressly disclaims any obligation to
do so.
SOURCE Mattel, Inc.
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Related links:
http://www.mattel.com
http://www.prnewswire.com/comp/540363.html /
CONTACT:
News Media, Lisa Marie Bongiovanni,
+1-310-252-3524, LisaMarie.Bongiovanni@mattel.com, or Securities
Analysts, Mike Salop +1-310-252-2703, Mike.Salop@mattel.com, both
of Mattel, Inc.
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