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Hi Fellow Fools,

This just in:

At its investor-day presentation on Wednesday, Mattel announced that it will slash its dividend by 61%, from $0.38 to $0.15 per quarter. Investors had been wondering if this might be coming. The company paid out over $500 million for its dividend last year, while generating only $318 million in profit. That path wasn't sustainable. Mattel hopes to return to a much healthier payout ratio of 50% to 60% of its available profit in dividends.

Long MAT
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