“With the company operating from a renewed position of strength, we are pleased to increase the dividend for shareholders while continuing to invest for the future,” CEO Bob Iger said in a statement Wednesday.
Walt Disney Co. raised its annual dividend by 33% to US$1 ($1.34) a share, another sign that a turnaround plan put in place two years ago is paying off.
The money will be distributed to shareholders in two 50-cent installments in January and July of next year.
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