Business Finance

Disney To Roll Out Dividends in 2024, Haitus Since 2019

Disney To Roll Out Dividends in 2024, Haitus Since 2019

The Walt Disney Co. is going to resume paying dividends to shareholders after a three-year hiatus.

For shareholders of record as of December 11, the company announced on Thursday that it will pay a dividend of $0.30 per share. In January, the payments will be made.
In 2020, with its theme parks closed and most productions halted due to the COVID-19 pandemic, Disney suspended its dividend.

The company has been restructuring and cutting expenses in an effort to achieve stability and profitability; as of right now, it claims to have saved $7.5 billion. Even though the dividend is a cost to the business, it also indicates that it thinks it is about to enter a stable, if not growing, phase in which it can afford to distribute its profits to shareholders.

Previously, Disney made claims that the company would bring back dividends by the end of February 2023. The company failed to meet the deadline as new financial struggles keep surfacing.

On January 10, 2024, shareholders of The Walt Disney Company will receive $0.30 for each share they own. The $0.30 dividend was determined using only half of the year’s profits, as the conglomerate disclosed that it is “in respect of the second half of the fiscal year 2023.”

The latest declaration made by The Walt Disney Company is 1.3%, which is approximately equivalent to the 1.2% yield of their 2019 dividends. All of the company’s declared dividends for 2019 were $0.88, but the most recent dividend is much less.

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