Walt Disney Co (NYSE:DIS) Declares Semi-Annual Dividend of $0.88

Walt Disney Co (NYSE:DIS) announced a Semi-Annual dividend on Wednesday, June 26th, NASDAQ reports. Investors of record on Monday, July 8th will be given a dividend of 0.88 per share by the entertainment giant on Thursday, July 25th. The ex-dividend date of this dividend is Friday, July 5th.

Walt Disney has decreased its dividend payment by an average of 2.5% per year over the last three years and has raised its dividend every year for the last 2 years. Walt Disney has a dividend payout ratio of 25.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Walt Disney to earn $6.64 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 26.5%.

Walt Disney stock opened at $142.53 on Wednesday. Walt Disney has a 12-month low of $100.35 and a 12-month high of $143.51. The firm has a market capitalization of $254.93 billion, a PE ratio of 20.13, a P/E/G ratio of 4.28 and a beta of 0.96. The stock’s 50-day moving average price is $136.86. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 0.36.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Wednesday, May 8th. The entertainment giant reported $1.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.02. Walt Disney had a net margin of 22.55% and a return on equity of 15.67%. The firm had revenue of $14.92 billion during the quarter, compared to analysts’ expectations of $14.53 billion. During the same period last year, the business earned $1.84 earnings per share. Walt Disney’s revenue was up 2.6% compared to the same quarter last year. Research analysts anticipate that Walt Disney will post 6.57 earnings per share for the current fiscal year.

In related news, EVP Brent Woodford sold 4,000 shares of Walt Disney stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $135.24, for a total value of $540,960.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Zenia B. Mucha sold 33,000 shares of Walt Disney stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $128.88, for a total transaction of $4,253,040.00. The disclosure for this sale can be found here. In the last three months, insiders sold 94,961 shares of company stock valued at $12,912,520. Insiders own 0.36% of the company’s stock.

DIS has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Walt Disney from a “hold” rating to a “sell” rating in a research report on Monday, April 8th. Imperial Capital lifted their price target on shares of Walt Disney from $129.00 to $139.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Citigroup initiated coverage on shares of Walt Disney in a research report on Tuesday, April 2nd. They set a “buy” rating and a $150.00 price target for the company. Bank of America lifted their price target on shares of Walt Disney from $144.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, UBS Group set a $128.00 price objective on shares of Walt Disney and gave the company a “buy” rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $146.27.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Dividend History for Walt Disney (NYSE:DIS)

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