|Bid||92.39 x 1000|
|Ask||92.38 x 800|
|Day's Range||91.77 - 92.84|
|52 Week Range||78.73 - 118.18|
|Beta (5Y Monthly)||1.30|
|PE Ratio (TTM)||71.70|
|Earnings Date||Feb 06, 2024 - Feb 12, 2024|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 13, 2019|
|1y Target Est||95.39|
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Disney (DIS) announced it will reinstate a $0.30 per share cash dividend starting January 2024, its first payout since halting dividends in early 2020 amidst the COVID-19 pandemic. TD Cowen Managing Director Doug Creutz asserts the move simply reflects Disney's healthy post-pandemic cash flows, stating "there is no good reason" not to return capital given its balance sheet. Creutz believes resuming dividends results from improving fundamentals rather than activist investor Nelson Peltz's brewing proxy fight. Nonetheless, Creutz notes Disney did recently amend proxy rules partly addressing Peltz's campaign for a board seat. "He can make noise," Creutz tells Yahoo Finance in regards to the Peltz, adding: "At the end of the day, I think he has less than 2% of the vote." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Elon Musk's explosive call-out of Disney CEO Bob Iger highlights a fundamental conflict in how the world's richest individual views speech and advertising on his platform X.
Cash distributions are back at Walt Disney (NYSE: DIS). Disney announced back in February that it wanted to resume its cash distributions before the end of this calendar year. Disney now paying $0.30 a share every six months doesn't amount to much for a stock that's approaching $100.