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Dividend Increase at Disney, Company will Increase Payout

July 6, 2023
in Trade Tube
Reading Time: 1 min read
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Disney’s (DIS) Board of Directors has agreed to boost the company’s dividend. Disney is raising its dividend 15% on an annualized basis and will begin paying it twice a year as it continues to benefit from ‘Frozen’ and looks forward to a new ‘Star Wars’ release later this year. The new dividend will be paid to shareholders as of July 6, 2015. Disney has said it would put Star Wars merchandise on sale in September, leading to the Dec. 18 planned release of “Star Wars: The Force Awakens.” Disney shares, which set an intraday all-time high during regular trading Wednesday. Disney’s stock has been up 140 percent in the past three years, trouncing the S&P 500’s by 58 percent.

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