BURBANK,
Calif., November 30, 2011 – The Walt Disney Company (NYSE: DIS) board
today declared an annual cash dividend of $0.60 per share, up 50
percent, or $0.20 per share, from the previous year. The dividend is
payable on January 18, 2012 to shareholders of record at the close of
business on December 16, 2011. The January dividend payment represents
the 56th consecutive year of dividend payments to shareholders.
"The
Walt Disney Company had a great creative, strategic and financial year
in fiscal 2011 with record revenue, net income and earnings per share,"
said Robert A. Iger, president and CEO, The Walt Disney Company. "We are
pleased to be able to raise our shareholder dividend by 50 percent
while continuing to invest for future growth."
The
Company also announced that it has scheduled its annual shareholders'
meeting for Tuesday, March 13, 2012, in Kansas City, Missouri.
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 media.
Disney is a Dow 30 company and had annual revenues of about $40.9
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
October 1, 2011 under Item 1A "Risk Factors."