DividendNews - UBS Says Mattel (MAT) Could Be Setting Up to Increase Buybacks, Dividend

UBS Says Mattel (MAT) Could Be Setting Up to Increase Buybacks, Dividend

Published Dec 22, 2010 on StreetInsider

Shares of Mattel (NYSE: MAT) are trading about 1.7% higher today on the heels of some comments from an analyst at UBS. The firm maintains a Buy rating and a $30 price target on Mattel shares. Following an 8-K filing from Mattel this morning which details amendments to its articles of incorporation, the UBS analyst believes that Mattel could be setting up to fatten its shareholder payout through either dividends or buybacks, or both. The analyst noted that Mattel has previously been "relatively conservative" in making use of its cash through such devices. Further, the analyst predicted that Mattel could generate as much as $400-$500 million in free cash flow per year through 2014.... Read more

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