The Walt Disney Company (DIS) to Issue Dividend of $0.75 on July 22nd

The Walt Disney Company (NYSE:DIS) declared a dividend on Thursday, November 13th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.75 per share by the entertainment giant on Wednesday, July 22nd. This represents a yield of 139.0%. The ex-dividend date of this dividend is Tuesday, June 30th.

Walt Disney has decreased its dividend by an average of 0.2%per year over the last three years. Walt Disney has a dividend payout ratio of 15.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Walt Disney to earn $6.13 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 16.3%.

Walt Disney Stock Down 1.6%

Shares of DIS opened at $105.87 on Friday. The business’s fifty day moving average price is $112.79 and its two-hundred day moving average price is $114.41. The firm has a market capitalization of $190.34 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 1.45 and a beta of 1.55. Walt Disney has a 52 week low of $80.10 and a 52 week high of $124.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last issued its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.08. The business had revenue of $22.46 billion for the quarter, compared to analyst estimates of $22.78 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.14 earnings per share. On average, analysts predict that Walt Disney will post 5.47 earnings per share for the current year.

Walt Disney Company Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.