DIS - The New Year Is Here and Disney Has an Exciting Present for Shareholders
2023-12-27 07:00:00 ET
A number of companies have moved on from the pandemic's challenges to reach new heights. Rough times have a way of separating great companies from merely good ones, and although no one is asking for difficulties, these moments can often strengthen a business for the better.
But not every top company is out of the woods just yet. Walt Disney (NYSE: DIS) is still reeling from challenges of the past few years, with new ones taking the place of old ones and keeping Disney stuck in a rut. There have been pockets of good news throughout, and Disney recently made a sweet announcement to start the new year off right.
Disney suspended its dividend in light of pandemic difficulties, and although it has been almost four years and the parks business has rebounded, it hasn't reinstated it until now. Management said that it would issue a dividend of $0.30 on Jan. 10 to shareholders as of Dec. 11, 2023. That implies a yield of 0.66%, which isn't great, but it's a start.
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The New Year Is Here and Disney Has an Exciting Present for Shareholders