Disney boosts its dividend


The Walt Disney Company announced after the market closed on Wednesday (12/1) that it was increasing the cash dividend on its stock. The new annual dividend is 40 cents per share, up from 35 cents.
The new, higher dividend is payable on January 18, 2011 to shareholders of record at the close of business December 13, 2010. The company noted that the January dividend payment represents the 55th consecutive year of dividend payments to shareholders.

“The Walt Disney Company had a strong year both creatively and financially in 2010,” said CEO Bob Iger. “We are pleased to be able to raise our shareholder dividend while continuing to invest for future growth.”

The company also announced that it has scheduled its annual shareholders’ meeting for Wednesday, March 23, 2011. The Walt Disney Company typically moves the location of its shareholders’ meeting each year. In 2011 it will take place in Salt Lake City, Utah.