Ah the coveted Disney dividend. Ok for all intents and purposes it is nothing to get too excited about. However, it has been consistently raised. We would prefer a quarterly dividend, but are happy with the Disney dividend being consistently hiked.
Well it is time once again for that Disney dividend. The Board of Directors today announced a semi-annual cash dividend of $0.84 per share, payable January 11, 2018 to shareholders of record at the close of business on December 11, 2017. The company last paid a semi-annual dividend of $0.78 per share in July.
“Disney’s incomparable collection of iconic brands and franchises continues to deliver strong returns, and we are pleased to increase our dividend to shareholders to $0.84 per share,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “This payment brings our total dividends for fiscal 2017 to $1.62 a share.” In addition, there was clarity on the annual meeting:
In conjunction with the Disney dividend, management also also announced that it has scheduled its annual shareholders’ meeting for Thursday, March 8, 2018 in Houston.