Markets

Disney Boosts Dividend by 50%; Yield Still Only 1.67% (DIS)

Entertainment giant The Walt Disney Company ( DIS ) late Wednesday announced its largest dividend raise in over 20 years.

The new 60-cent annual dividend, a 50% boost to its prior payout of 40 cents, will be paid on Jan. 18 to shareholders of record as of Dec. 16.

Still, the company's dividend yield isn't very attractive for long-term and income-seeking investors.

Walt Disney shares rose 29 cents, or +0.8%, in premarket trading Thursday.

The Bottom Line

Shares of Walt Disney ( DIS ) will now have a 1.67% dividend yield, based on last night's closing stock price of $35.85 and new dividend payout. The stock has technical support in the $32 price area. If the shares can firm up, we see overhead resistance around the $38 price level.

The Walt Disney Company ( DIS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Created by Dividend.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

DIS

Other Topics

Stocks

Latest Markets Videos