Walt Disney Co. (DIS:US), the world’s largest entertainment company, raised its annual dividend by 15 percent to 86 cents a share, the fourth straight yearly increase, after posting record sales and profit.
The dividend (DIS:US) will be payable on Jan. 16 to shareholders of as of Dec. 16, Burbank, California-based Disney said yesterday in a statement.
The payout, an increase from 75 cents previously, gives Disney shares an indicated yield of 1.23 percent, based on yesterday’s closing price, according to data (DIS:US) compiled by Bloomberg. The company, owner of the namesake theme-parks, cable networks including ESPN, and the ABC broadcast network, paid $1.32 billion in dividends in the last fiscal year, filings show.
Disney gained (DIS:US) 0.1 percent to $69.97 yesterday in New York. The stock has gained 41 percent this year.
In September, Disney said it would repurchase $6 billion to $8 billion of its stock in 2014.
The company scheduled its annual meeting for March 18, 2014, in Portland, Oregon.
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