Disney Boosts Dividend By 50%

Biggest increase in 20 years follows record profit.

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.

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