×
You will be redirected back to your article in seconds

Disney Raises Annual Dividend 34% on Record Revenue

Coming off of a record year, the Walt Disney Co. has raised its annual dividend by 33.7% to $1.15 a share over 2013.

The dividend will be payable on Jan. 8, 2015, to stockholders of record on Dec. 15, 2014.

This is the 59th consecutive dividend payment to shareholders. However, it ranks as the highest such payout in recent memory.

While Disney has raised its dividends each year from 2004 to 2013, the payout was $0.86 at the end of 2013, up nearly 15% over 2012 when it was $0.75, gaining 25% over 2011. It was as low as $0.35 in 2009.

Disney isn’t known for paying out considerable dividends — the current yield is 1.2% — and ranks as the second-lowest yield among the 30 Dow Jones Industrial Average members.

Instead, Disney has focused on a formula that has returned 20% of the cash generated by the company to shareholders in the form of stock buybacks. It spent $1.5 billion on dividend checks and $6.5 billion on share buybacks, Wall Street analysts note.

Disney is firing on all cylinders, though, with the company generating $48.8 billion in sales during its most recent fiscal year, up 8% over 2013, boosting profits by 22% to $7.5 billion.

“Disney delivered the highest results in its history in fiscal 2014, reflecting the extraordinary quality of our creative content and the unparalleled strength of our brands,” said Bob Iger, chairman and CEO, the Walt Disney Co. “We achieved record revenue, net income and earnings per share for the fourth year in a row, and we are delighted to be able to increase our shareholder dividend by 34% while continuing to invest for future growth.”

Disney also has scheduled its next annual shareholders meeting to take place March 12, 2015, in San Francisco.

Disney’s stock ended the trading day Wednesday at $93.11, losing $0.36 a share.

More Biz

  • The Netflix logo is displayed at

    Netflix Stock Falls After Verizon Announces Disney Plus One-Year Giveaway

    Netflix investors, already skittish about the looming entry of Disney and Apple into the competitive streaming space, pushed the stock down as much as 4% in morning trading Tuesday. The drop came after Verizon announced a deal with Disney to offer Disney Plus for 12 months free to all unlimited wireless customers and new Fios [...]

  • Money-Logo

    Meredith Sells Money Personal-Finance Site to Digital Advertising Firm

    After previously failing to find a buyer for Money — and shutting down the print edition — Meredith has found a new home for the personal-finance brand. Meredith announced Tuesday that it closed the sale of the Money brand to Ad Practitioners, a Puerto Rico-based digital advertising and media company that operates a network of [...]

  • Juice WRLD Sued by Yellowcard for

    Juice WRLD Sued by Yellowcard for $15 Million Over ‘Lucid Dreams’

    Juice WRLD has been sued by the pop-punk band Yellowcard for $15 million, who claim that the rapper’s 2017 song “Lucid Dreams” copies melodic elements of their song “Holly Wood Died,” according to a report in The Blast, citing court documents. The band, which split in 2017, are seeking $15 million, royalties and credit for co-ownership of [...]

  • Isaac Perlmutter Disney Marvel

    Does Kevin Feige's Marvel Promotion Mean Ike Perlmutter's Endgame?

    Last week’s move giving Kevin Feige charge of Marvel’s television, animation and print editorial operations should come as no surprise. As the architect of the company’s enormous film success, Feige arguably has the most enviable track record of any contemporary entertainment executive. Extending his creative control over more of the Marvel universe seems like a [...]

  • Walt Disney HQ LA

    Disney Seeks to Throw Out Gender Pay Gap Lawsuit

    The Walt Disney Co. is seeking to throw out a lawsuit alleging that women employees are paid less than men, arguing that the suit is too sprawling and unwieldy to handle as a class action. Andrus Anderson LLP filed the suit in April, alleging that Disney’s hiring and pay practices have a discriminatory effect on [...]

  • Cuba Gooding Jr

    Cuba Gooding Jr. Sued for Allegedly Pinching Nightclub Server

    A Tao nightclub server who alleges that Cuba Gooding Jr., pinched her rear-end last year has sued the Oscar-winning actor for sexual battery. Natasha Ashworth had previously come forward to New York law enforcement, though her name had not been released publicly. Gooding was indicted last week on four misdemeanor counts, including two counts stemming [...]

  • A still from Leaving Neverland by

    HBO Appeals Arbitration Order in 'Leaving Neverland' Fight

    HBO is appealing a judge’s decision last month that sided with the Michael Jackson estate in its battle against the documentary “Leaving Neverland.” The four-hour documentary details the allegations of Wade Robson and James Safechuck, who allege that Jackson sexually abused them when they were young boys. The film won the Emmy for best documentary [...]

More From Our Brands

Access exclusive content