Walt Disney Co., owner of the namesake theme parks and ESPN sports network, increased its annual dividend by 50 percent, the most in at least 20 years, following record sales and profit.
The new 60-cent dividend, up from 40 cents, will be paid on Jan. 18 to shareholders of record as of Dec. 16, the Burbank, California-based company said yesterday in a statement.
Disney, also owner of the ABC TV network, is returning cash to investors through stock repurchases as well. The company bought back $5 billion of shares in the year ended Oct. 1, according to a Nov. 10 statement. Disney last increased its dividend one year ago, boosting the payment to the current 40 cents from 35 cents. Bloomberg historical data going back to 1990 don't show an increase this large.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
