Disney Increases Annual Cash Dividend by 34 Percent

The Walt Disney Company Board of Directors has declared an annual cash dividend of $1.15 per share. This dividend is 34 percent higher, or 29 cents more, than the previous year.

Shareholder dividend increases by 34 percent this year

The cash dividend is payable on January 8, 2015 to all shareholders of record at the close of business on December 15 of this year.

In making the announcement of the dividend, Bob Iger, Chairman and CEO of The Walt Disney Company said, "Disney delivered the highest results in its history in Fiscal 2014, reflecting the extraordinary quality of our creative content and the unparalleled strength of our brands."

Iger also noted that Disney "achieved record revenue, net income, and earnings per share for the fourth year in a row." He said the company was "delighted" to be able to increase shareholder dividend by 34 percent while investing for the company's future growth.

This marks the 59th consecutive dividend payment to shareholders.

Source