The Walt Disney Company (NYSE:DIS) Plans $0.75 Dividend

The Walt Disney Company (NYSE:DIS) announced a dividend on Thursday, November 13th. Investors of record on Monday, December 15th will be given a dividend of 0.75 per share by the entertainment giant on Thursday, January 15th. This represents a yield of 139.0%. The ex-dividend date is Monday, December 15th.

Walt Disney has decreased its dividend payment by an average of 0.2%annually over the last three years. Walt Disney has a dividend payout ratio of 15.8% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Walt Disney stock traded down $1.94 during mid-day trading on Friday, hitting $105.67. 8,650,081 shares of the company were exchanged, compared to its average volume of 9,437,346. Walt Disney has a 12-month low of $80.10 and a 12-month high of $124.69. The company has a market capitalization of $189.99 billion, a P/E ratio of 16.57, a PEG ratio of 1.45 and a beta of 1.55. The business’s 50 day simple moving average is $113.03 and its two-hundred day simple moving average is $114.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66.

Walt Disney (NYSE:DIS) last released its quarterly earnings results on Thursday, November 13th. The entertainment giant reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.08. The company had revenue of $22.46 billion for the quarter, compared to analysts’ expectations of $22.78 billion. Walt Disney had a net margin of 12.22% and a return on equity of 9.67%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $1.14 EPS. Analysts forecast that Walt Disney will post 5.47 earnings per share for the current fiscal 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.