Disney bumps annual cash dividend up 15% per share
The Walt Disney Company (NYSE: DIS) Board of Directors today declared an annual cash dividend of $0.86 per share, up 15 percent, or $0.11 per share, from the previous year. The dividend is payable on January 16, 2014 to shareholders of record at the close of business on December 16, 2013. The January payment represents the 58th consecutive dividend payment to shareholders.
“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,” said Robert A. Iger, Chairman and CEO, The Walt Disney Company. “We are pleased to be able to increase our shareholder dividend by 15 percent while continuing to invest for future growth.”
The Company also announced that it has scheduled its annual shareholders’ meeting for Tuesday, March 18, 2014, in Portland, Oregon.