Disney Declares 50% Higher Dividend

Next Dividend Payable on July 25

Forward Yield Now 0.79%

The Walt Disney Company (NYSE: DIS) has declared a semi-annual dividend of $0.45 per share, payable on July 25, 2023, to shareholders of record as of July 11, 2023. This represents a 50% increase from the previous semi-annual dividend of $0.30 per share.

The dividend declaration is a sign of confidence in the company's financial performance and future prospects. Disney has a strong track record of dividend payments, having paid dividends for over 50 consecutive years.

The forward yield on Disney's stock is now 0.79%, based on the current share price of $113.66. This compares favorably to the average yield on the S&P 500 index of 1.65%.

Investors who are looking for a dividend-paying stock with a strong track record and a bright future should consider Disney.