LONDON, UK / ACCESSWIRE / July 6, 2018 / Active-Investors has a free review on The Walt Disney Co. (NYSE: DIS) following the Company's announcement that it will begin trading ex-dividend on July 06, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on July 05, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on DIS:
If your portfolio includes dividend stocks, you have come to the right place for timely information. All you need to do is sign up for your free membership at:
On June 26, 2018, Walt Disney's Board of Directors announced a semi-annual cash dividend of $0.84 per share, payable July 26, 2018, to shareholders of record at the close of business on July 09, 2018.
Walt Disney's indicated dividend represents a yield of 1.61% compared to the average dividend yield of 1.95% for the Services sector.
Walt Disney has a dividend payout ratio of 23.6%, which denotes that the Company spends approximately $0.24 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Walt Disney is forecasted to report earnings of $7.66 per share for the next year, which is more than three times higher than the Company's annualized dividend payout of $1.68 per share.
Walt Disney's cash provided by operations for the first six months of fiscal 2018 increased by $2.1 billion from $4.7 billion to $6.8 billion. As of March 31, 2018, the Company's cash and cash equivalents totaled $4.18 billion, as compared to $4.02 billion as on September 30, 2017. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Development for Walt Disney
On June 27, 2018, Walt Disney announced that the Antitrust Division of the United States Department of Justice (DOJ) has cleared the pending acquisition by Disney of Twenty-First Century Fox, Inc. (21st Century Fox).
The DOJ has entered into a consent decree with Disney and 21st Century Fox that allows the acquisition to proceed, while requiring the sale of the Fox Sports Regional Networks. Under the consent decree, Walt Disney will have at least 90 days from the date of closing the transaction to complete this sale, with the possibility that the DOJ can grant extensions of time up to another 90 days. The decree is subject to the normal court approval process.
On June 20, 2018, Walt Disney and Fox announced an amended acquisition agreement pursuant to which Disney will acquire Fox for $38 per share in cash and stock, immediately following the spin-off of the businesses comprising "New Fox".
About The Walt Disney Co.
Walt Disney, together with its subsidiaries, is a diversified worldwide entertainment company with operations in four business segments: Media Networks; Studio Entertainment; Parks, Experiences and Consumer Products; and Direct-to-Consumer and International.
Walt Disney is a Dow 30 company and had annual revenue of $55.1 billion in its fiscal year 2017.
Stock Performance Snapshot
July 05, 2018 - At Thursday's closing bell, Walt Disney's stock rose 1.25%, ending the trading session at $105.34.
Volume traded for the day: 4.52 million shares.
Stock performance in the last month - up 5.40%; and previous three-month period - up 3.16%
After yesterday's close, Walt Disney's market cap was at $155.74 billion.
Price to Earnings (P/E) ratio was at 16.45.
The stock has a dividend yield of 1.59%.
The stock is part of the Services sector, categorized under the Entertainment - Diversified industry. This sector was up 0.6% at the end of the session.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia