The Walt Disney Company Announces Semi-Annual Cash Dividend
If you own shares in The Walt Disney Company, listen up! The Walt Disney Company Board of Directors has announced a cash dividend of $0.71 per share for the second half of the fiscal year 2015. The dividend will be payable January 11, 2016 to all shareholders of record at the close of business on December 14.
The Walt Disney Company announces dividend payment to shareholders
The semi-annual payment of dividends by Disney started in July when shareholders were paid a dividend of 66 cents a share. Combined with the payout coming in January the total fiscal 2015 dividend payment increased 19 percent from 2014 fiscal.
Disney also announced that it will continue to pay dividends on a semi-annual basis.
In a press release announcing the dividend payment Disney Chairman and CEO Bob Iger said, "Thanks to our unparalleled portfolio of global brands and franchises and our unique ability to leverage creative success to drive value across the entire company, Fiscal 2015 marked Disney's fifth straight year of record performance, and we are pleased to raise our dividend by 19% on an annualized basis."
Disney also announced that its annual shareholders' meeting is scheduled for March 3 in Chicago.
How do you feel about the dividend payment? Let us know in the comments.
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Jason Honingford wrote on Tue, 12/08/2015 - 20:05:
It's a low dividend compared to other dividend stocks, but historically the stock price has been very stable. Their movies are usually safe bets. Parks show no signs of losing money. The only uncertainty is the future of ESPN as a premium channel which makes up 30% of Disney. The Disney Channel makes nowhere near as much.
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