Disney Ups Dividend 50%
December 1, 2011 at 3:56 AM (PT)
The WALT DISNEY CO. has announced a 50% increase in its annual dividend. A dividend of 60 cents per share (increased from 40 cents) will be paid on JANUARY 18th to shareholders of record as of DECEMBER 18th. The increase follows a strong financial performance over the year and the company's program of stock buybacks.
"The WALT DISNEY COMPANY had a great creative, strategic and financial year in fiscal 2011," said CEO BOB IGER. "We are pleased to be able to raise our shareholder dividend by 50% while continuing to invest for future growth."