Mattel, Inc. Declares Quarterly Dividend And Increases Share Repurchase Program By $500 Million

Mattel, Inc. announced that its Board of Directors declared a fourth quarter cash dividend of $0.23 per share on the Company’s common stock. The dividend will be payable on December 16, 2011 to stockholders of record on November 30, 2011. The dividend is the fourth of four quarterly dividends the Company will pay this year, reflecting an annualized dividend of $0.92 per share, which represents an increase of $0.09 per share, or 11% versus last year’s annual dividend of $0.83 per share. The Company's Board of Directors authorized the Company to increase its previously announced share repurchase program by $500 million. Repurchases will take place from time to time, depending on market conditions. The share repurchase program is one component of the Company’s capital and investment framework which was announced in February 2003. Under the program, the Company has repurchased approximately 144.7 million shares of its common stock for an aggregate of approximately $3.0 billion.