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:
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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.
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