THE WALT DISNEY COMPANY BOARD INCREASES ANNUAL CASH DIVIDEND
BY 25 PERCENT TO $0.75 PER SHARE
BURBANK, Calif., November 28, 2012 -
The Walt Disney Company (NYSE: DIS) board today declared an annual cash
dividend of $0.75 per share, up 25 percent, or $0.15 per share, from
the previous year. The dividend is payable on December 28, 2012 to
shareholders of record at the close of business on December 10, 2012.
The December payment represents the 57th consecutive dividend payment to
2012 was another great year for The Walt Disney Company, creatively and
financially,” said Robert A. Iger, Chairman and CEO, The Walt Disney
Company. “We achieved record revenue, net income and earnings per
share, while continuing to invest for long term growth, and we are
pleased to be able to increase our shareholder dividend by 25 percent.”
Company also announced that it has scheduled its annual shareholders'
meeting for Wednesday, March 6, 2013, in Phoenix, Arizona.
About The Walt Disney Company: The
Walt Disney Company, together with its subsidiaries and affiliates, is a
leading diversified international family entertainment and media
enterprise with five business segments: media networks, parks and
resorts, studio entertainment, consumer products and interactive. Disney
is a Dow 30 company and had annual revenues of about $42.3 billion in
its last fiscal year.
Forward Looking Statements: Certain
statements in this press release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are made on the basis of our views
and assumptions regarding future events and business performance as of
the time the statements are made and we do not undertake any obligation
to update these statements. Actual events may differ materially from
those expressed or implied. Such differences may result from actions
taken by the Company, as well as from developments beyond the Company's
control, including international, political, health concern and military
developments and changes in domestic and global economic conditions
that may affect our businesses generally. Additional factors are set
forth in the Company's Annual Report on Form 10-K for the year ended
September 29, 2012 under Item 1A "Risk Factors."
Woo hoo! I'll actually get enough of a dividend this year from my one share of Disney stock to buy something. A very small something, but still...
I see that the Disney traveling roadshow for shareholders continues - this makes 8 years since they were1on Anaheim and who knows how long since they've been on Orlando. Jim, can you or any of the folks you know shine a little light on why the Disney shareholder meetings are still on the run, even though many of the reasons they were taken on the road (the UNITE/HERE strike at Disneyland, the "Save Disney" movement) are done?