You will be redirected back to your article in seconds

Disney kicks up annual dividend by 25%

Increase aims to beat fiscal-cliff crunch

Walt Disney said Wednesday that it is boosting its annual dividend to shareholders by 25% to 75¢ a share, the latest company to do so on jitters over the looming “fiscal cliff.”

The dividend announcement comes a day after the Mouse raised a hefty $3 billion in a bond offering, part of which will likely go toward funding the bigger shareholder payout.

It’s a race against the clock as pols in Washington, D.C. negotiate heatedly over tax hikes — including a near tripling of dividend tax rates — and spending cuts that could hit hard starting Jan. 1 if no deal is reached by year’s end.

Special payouts and dividends before then wouldn’t feel the squeeze. Disney said the dividend will be paid Dec. 28 to shareholders of record as of Dec. 10. It’s the conglom’s 57th consecutive payout.

“Fiscal 2012 was a another great year for the Walt Disney Company, creatively and financially,’ said chairman Robert Iger in a statement. “We achieved record revenue, net income and earnings per share, while continuing to invest for long-term growth.”

The Mouse also announced that it will hold its annual shareholder meeting on Wed.,March 6 in Phoenix.

More Film

  • No Merchandising. Editorial Use Only. No

    'Thor: Ragnarok' Reviews: What the Critics Are Saying

    Walt Disney said Wednesday that it is boosting its annual dividend to shareholders by 25% to 75¢ a share, the latest company to do so on jitters over the looming “fiscal cliff.” The dividend announcement comes a day after the Mouse raised a hefty $3 billion in a bond offering, part of which will likely […]

  • Film hollywood new leaders variety 2017

    Hollywood's New Leaders in Film

    Walt Disney said Wednesday that it is boosting its annual dividend to shareholders by 25% to 75¢ a share, the latest company to do so on jitters over the looming “fiscal cliff.” The dividend announcement comes a day after the Mouse raised a hefty $3 billion in a bond offering, part of which will likely […]

  • Thomas and Friends- Big World! Big

    International Newswire: Mipcom Sees First Signs of Peak TV Animation

    Walt Disney said Wednesday that it is boosting its annual dividend to shareholders by 25% to 75¢ a share, the latest company to do so on jitters over the looming “fiscal cliff.” The dividend announcement comes a day after the Mouse raised a hefty $3 billion in a bond offering, part of which will likely […]

  • Brad Pitt Emilio Estevez Tyler Perry

    Hollywood's Most and Least Profitable Stars Revealed

    Walt Disney said Wednesday that it is boosting its annual dividend to shareholders by 25% to 75¢ a share, the latest company to do so on jitters over the looming “fiscal cliff.” The dividend announcement comes a day after the Mouse raised a hefty $3 billion in a bond offering, part of which will likely […]

  • I Tonya trailer

    'I, Tonya' Teaser: Margot Robbie Transforms Into Disgraced Figure Skater

    Walt Disney said Wednesday that it is boosting its annual dividend to shareholders by 25% to 75¢ a share, the latest company to do so on jitters over the looming “fiscal cliff.” The dividend announcement comes a day after the Mouse raised a hefty $3 billion in a bond offering, part of which will likely […]

More From Our Brands

Access exclusive content