The Walt Disney Company pays an annual dividend, rather than a quarterly one. But that dividend payout is going to be substantially bigger in January.
The Disney board declared an annual cash dividend of 60 cents per share, up 50%, or 20 cents per share, from the previous year’s payout of 40 cents. The company notes that the January dividend payment represents the 56th consecutive year of dividend payments to shareholders.
The dividend is payable on January 18, 2012 to shareholders of record at the close of business on December 16, 2011.
“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 CEO Bob Iger, “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.