Disney Announces 50% Dividend Increase

Entertainment Giant Raises Semi-Annual Dividend to $0.45

Dividend Payable on July 25

On Wednesday, Disney (DIS) declared a semi-annual dividend of $0.45 per share, payable on July 25. This represents a significant 50% increase from the previous dividend payment.

Disney's decision to boost its dividend reflects the company's strong financial performance in recent quarters. The entertainment giant reported fiscal first-quarter earnings on Wednesday, which showed a 23% increase in revenue and a 30% increase in operating income.

Disney's annual dividend now stands at $0.90 per share, with a forward yield of 0.77%. The dividend is paid every six months, with the next ex-dividend date set for July 14.

This dividend increase is a positive signal for investors, who have been eagerly awaiting a boost in Disney's dividend rate. The company has a history of paying consistent dividends, and this latest increase shows that Disney is committed to returning value to shareholders.