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Walt Disney Company Raises Annual Dividend by 15 Percent

POSTED: Tue, 12/24/2013 - 06:00 | POSTED BY: Traci C.

The Walt Disney Company announced that it is raising its annual dividend by 15 percent to 86 cents from 75 cents.

This boost comes after the company's third consecutive year of record net income, earnings per share, and revenue.

The dividend is payable on January 16, 2014 to shareholders of record on December 16. It is the 58th consecutive dividend payment to shareholders according to the company.

In a statement, Disney CEO Bob Iger said, "Disney had a great year creatively and financially in fiscal 2013, delivering record revenue, net income and earnings per share for the third year in a row." The company recorded $45 billion in revenue for the 2013 fiscal year.

The company also announced that its next annual meeting will be March 18, 2014 in Portland, Oregon.

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Kristen K. wrote on Thu, 12/26/2013 - 12:27:

Kristen K.'s picture

Hoorah!

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