Disney Ups Dividend 34%
Walt Disney Co. (NYSE: DIS) just raised its annual dividend to $1.15 per share, which was a 33.7 percent increase from the prior dividend of $0.86. The stock will now carry a dividend yield of 1.24 percent based on the closing price of $93.11.
Robert Iger, Chairman and Chief Executive Officer of Disney stated, “We achieved record revenue, net income and earnings per share for the fourth year in a row, and we are delighted to be able to increase our shareholder dividend by 34 percent while continuing to invest for future growth.”
This marks the fifth straight year that Disney has increased the dividend. The dividend is payable on January 8, 2015, to shareholders of record at the close of business on December 15, 2014.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.