Disney to Issue Cash Dividends to Shareholders for the First Time in 3 Years

The Walt Disney Company had an eventful year in 2023.

From celebrating its 100th anniversary to opening the new World of Frozen in Hong Kong Disneyland, a lot of big moments happened for the company. While it hasn’t all been good (i.e. massive layoffs, a feud with the Florida government, multiple strikes, and more), we have some good news for Disney shareholders this week.

For the first time three in years, Disney will be issuing cash dividends to its shareholders this January. The $0.30 per share cash dividend will be payable to shareholders of record at the close of business on December 11th, 2023.

While Disney stock has not been doing its best lately — they hit a 9-year low in October — during the Q4 earnings call we learned that revenue increased by 5% to $21.24 billion.

Disney has been sending emails regarding the cash dividends, so keep an eye on your inbox!  Based on your dividend election you will be paid as follows:

• Dividend Checks: Checks will be mailed on January 10th, 2024. Please allow the post office at least 10 mailing days to deliver your check.
• Direct Deposit: Funds will be credited on January 10th, 2024.
• Dividend Reimbursement: The reinvestment of your dividend will be completed within five business days of the payable date. A statement showing the reinvestment will be delivered to you after the reinvestment is complete.

We’ll keep an eye out for any updates, so stay tuned to AllEars for more!

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