Disney Increases Annual Cash Dividend by 50%; 2012 Shareholder Meeting to be Held in Kansas City
The Walt Disney Company (NYSE: DIS) board today declared an annual cash dividend of $0.60 per share, up 50 percent, or $0.20 per share, from the previous year. The dividend is payable on January 18, 2012 to shareholders of record at the close of business on December 16, 2011. The January dividend payment represents the 56th consecutive year of dividend payments to shareholders.
“We are pleased to be able to raise our shareholder dividend by 50 percent while continuing to invest for future growth.”
“The Walt Disney Company had a great creative, strategic and financial year in fiscal 2011 with record revenue, net income and earnings per share,” said Robert A. Iger, president and CEO, The Walt Disney Company. “We are pleased to be able to raise our shareholder dividend by 50 percent while continuing to invest for future growth.”
The Company also announced that it has scheduled its annual shareholders’ meeting for Tuesday, March 13, 2012, in Kansas City, Missouri.