NEWS: Disney Announces Increased Cash Dividend Following “Highly Successful Year”

[Disney4me]

The Walt Disney Company has been going through quite a few changes lately, and it all started with the return of Bob Iger to his previous position of CEO.

Walt Disney Studios

Overall, the company’s financials have been trending upwards, with Disney finally issuing cash dividends to shareholders in late 2022 after years of being paused. We recently learned just how Disney was doing during the final earnings call of fiscal year 2024, and now, Disney has announced another cash dividend increase for shareholders.

The Walt Disney Company Board of Directors has declared an increased cash dividend of $1.00 per share. This marks a 33% increase over the $0.75 per share that was paid to investors during fiscal year 2024.

©Disney

If you’re a shareholder, you can expect the dividend to be paid in two installments of $0.50 per share.

December 16th, 2024 is the first record date, followed by a January 16th, 2025 payable date. Then, there will be another record date on June 24th, 2025, followed by a July 23rd, 2025 payable date.

©Disney

Disney CEO Bob Iger shared a statement regarding the cash dividend and said:

“It’s been a highly successful year for The Walt Disney Company, stemming from the extensive strategic work across the company to improve quality, innovation, efficiency, and value creation. 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 and drive sustained growth through Disney’s world-class portfolio of assets.”

©Disney

The Walt Disney Company held its earnings call for the fourth and final quarter of fiscal year 2024 in November, and we learned quite a bit about just how the company is doing financially.

Between the parks and Disney Cruise Line, streaming services, and other aspects of the company, Disney reported having “record revenue and operating income for the full year,” which would track with this increased payout on the way for shareholders. Even after reporting $130 million in hurricane-related losses to Disney World, the company still reported “a pivotal and successful year.”

Cinderella Castle

Here’s a peek at the financial numbers from the most recent earnings call:

• Revenues for the quarter: $22.6 billion, up 6% from prior-year quarter
• Diluted earnings per share: $0.25, up 79% from prior-year quarter
• Diluted earnings per share, excluding certain items: $1.14, up 39% from prior-year quarter

If you’re a Disney shareholder, keep an eye out for additional correspondence from the company on how to collect your cash dividends.

In the meantime, we’ll be on the lookout for the latest news from The Walt Disney Company, Disney World, and more. Make sure you stay tuned to the Disney Food Blog so you don’t miss the important updates!

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