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Msg  344 of 354  at  11/30/2023 4:57:14 PM  by

jerrykrause


Disney is bringing back its dividend after cutting it at start of the pandemic

 MarketWatch
 
Disney is bringing back its dividend after cutting it at start of the pandemic 
 
By Emily Bary 
 
Company declares 30-cent per-share quarterly dividend

Walt Disney Co. plans to reinstate its dividend after suspending it at the start of the pandemic.

The media giant on Thursday afternoon declared a 30-cent cash dividend per share, which will be payable Jan. 10, 2024 to Disney (DIS) shareholders of record as of Dec. 11, 2023.
 
"This has been a year of important progress for the Walt Disney Company, defined by a strategic restructuring and a renewed focus on long-term growth," Chairman Mark Parker said in a release. "As Disney moves forward with its key strategic objectives, we are pleased to declare a dividend for our shareholders while we continue to invest in the company's future and prioritize meaningful value creation."

The company last paid a 88-cent per-share quarterly dividend in January 2020.

Shares of Disney were up about 1% in Thursday's aftermarket action.

Disney once again faces activist pressure, with investor Nelson Peltz looking for seats on the company's board of directors. 


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