Disney Says Declared 50% Increase To The January 2024 Dividend, Payable In July 2024; Announced Target Of $3B Common Share Repurchase In FY24, The First Repurchases Since FY18
Portfolio Pulse from Benzinga Newsdesk
Disney announced a 50% increase in its January 2024 dividend, payable in July 2024. Additionally, the company plans a $3B common share repurchase in FY24, marking its first repurchase since FY18.
February 12, 2024 | 10:49 pm
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Disney plans a 50% dividend increase for January 2024 and a $3B share repurchase in FY24, its first since FY18.
The announcement of a significant dividend increase and a substantial share repurchase program indicates Disney's confidence in its financial health and future prospects. This is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price due to perceived future value and return of capital to shareholders.
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